The Jay Martin Show, Released on 11/16/24

Today on The Jay Martin Show, Professor Steve Hanke critiques the Biden administration’s fiscal and monetary policies for exacerbating wealth inequality and driving public resentment. He attributes these issues to reckless fiscal expansion and Federal Reserve actions, which disproportionately benefited the wealthy. Hanke also examines global conflicts in Ukraine, the Middle East, and U.S.-China tensions, offering insights into their economic ramifications. For investors, he advises caution with risk assets, recommending gold and U.S. Treasury bonds as safer options amid market volatility.

0:00 – Intro
2:25 – Are Election Reactions a Paradigm Shift?
9:05 – Why Did the Rich Get Richer?
14:45 – Is Resentment Driving Political Outcomes?
20:30 – The Influence of Podcasts on Elections
25:15 – Can the Swamp Be Drained?
30:50 – Will Global Conflicts Shift Under New Leadership?
35:20 – What Happens to the U.S. in the China Standoff?
41:50 – How Should Investors Read Today’s Market?
46:25 – Why Gold and Bonds Are the Safer Bet
50:15 – Is the Dollar’s Dominance at Risk?
54:00 – What’s Next in Interest Rates and Monetary Policy?
57:20 – Why Deferred Gratification Drives Prosperity

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.

  dollar, gold, investing, steve hanke