Collapsing Money Supply to Cause Recession in 2025 with Steve Hanke

31/07/2024 37 min

Listen "Collapsing Money Supply to Cause Recession in 2025 with Steve Hanke"

Episode Synopsis

Interview recorded - 24th of July, 2024On this episode of the WTFinance podcast I had the pleasure of hosting Steve Hanke. Steve H. Hanke is a professor of applied economics and founder and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at the Johns Hopkins University.During our conversation we spoke about Steve's economic outlook, the quantity theory of money, Hanke Golden Rule, US going into the recession, why FED's models are wrong, tariffs and more!0:00 - Introduction1:12 - Steve’s current outlook?4:17 - What is causing the money supply shrinkage?6:12 - What is the quantity theory of money?10:12 - Why do central banks not look at money supply?14:27 - Hanke Golden Rule16:15 - Economic growth without money supply growth?22:30 - US going into a recession?23:52 - How bad could recession get?25:38 - FED late to the party26:44 - FED to change models?27:36 - What economies is Steve positive about?30:00 - Increasing tariffs impacts32:20 - Impact of money supply on markets?34:15 - One message to takeaway from conversation?Steve H. Hanke is a Senior Fellow, Contributing Editor of The Independent Review, and a Member of the Board of Advisors at the Independent Institute. He is a Professor of Applied Economics and Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is also a Senior Adviser at the Renmin University of China’s International Monetary Research Institute in Beijing, and a Special Counselor to the Center for Financial Stability in New York. Hanke is also a Contributing Editor at Central Banking in London and a Contributor at National Review. In addition, Hanke is a member of the Charter Council of the Society for Economic Measurement and a Distinguished Associate of the International Atlantic Economic Society. He is ranked as the world’s third-most influential economics influencer by FocusEconomics in Barcelona, Spain.Steve Hanke: X -  https://x.com/steve_hankeBio - https://www.independent.org/aboutus/person_detail.asp?id=516WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

More episodes of the podcast WTFinance