Economic Depression After Election? Economist Steve Hanke’s Warning

The David Lin Report, Released on 10/25/24 (Recorded on 10/24/24)

Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the Presidential election prospects, outlook for growth, and inflation.

0:00 – Intro
1:00 – Election prospects
8:50 – Grading the economy
12:50 – Fixing the wealth gap
15:40 – If Hanke were President…
17:50 – Reaganomics
21:20 – Trade with China
27:00 – Deficit vs. Growth
33:30 – $100 global debt
35:30 – Taxes and growth
38:30 – Deficits and inflation
40:00 – Inflation outlook
42:30 – BRICS summit
48:22 – North Korean soldiers in Russia

Steve Hanke is an American applied economist at the Johns Hopkins University in Baltimore, Maryland. He is also a senior fellow and director of the Troubled Currencies Project at the libertarian Cato Institute in Washington, DC, and co-director of the Johns Hopkins University’s Institute for Applied Economics, Global Health, and the Study of Business Enterprise in Baltimore, Maryland. Hanke is known for his work as a currency reformer in emerging-market countries. He was a senior economist with President Ronald Reagan’s Council of Economic Advisers from 1981 to 1982, and has served as an adviser to heads of state in countries throughout Asia, South America, Europe, and the Middle East. He is also known for his work on currency boards, dollarization, hyperinflation, water pricing and demand, benefit-cost analysis, privatization, and other topics in applied economics. Hanke has written extensively as a columnist for Forbes magazine and other publications. He is also a currency and commodity trader.

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