FED Mistake Guiding Economy into Recession with Steve Hanke

WTFinance

Interview recorded - 10th of January, 2024
On this episode of the WTFinance podcast I had the pleasure of welcoming back Steve Hanke. Steve is the 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. He is also the author of the recently released book “Capital, Interest and Waiting: Controversies, Puzzles and New Additions to Capital Theory”.
During our conversation we spoke about what happened in 2024, quantitative tightening, the treasury, drivers of money supply, trump inflation, the dollar wrecking ball, recession risk and more. I hope you enjoy!
0:00 - Introduction
2:20 - Review of 2024?
8:18 - Quantitative tightening
10:47 - Treasury bond issuance
13:37 - Issue with FED & Wall Street
17:52 - Drivers of money supply
21:32 - Bond market issue
28:18 - Trump inflationary?
31:27 - Dollar wrecking ball
36:32 - Grow money supply with high debt?
42:12 - One message to takeaway?
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:
Book - https://link.springer.com/book/10.1007/978-3-031-63398-0
X - https://x.com/steve_hanke
Bio - https://www.independent.org/aboutus/person_detail.asp?id=516
WTFinance -
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iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4
Twitter - https://twitter.com/AnthonyFatseas