The David Lin Report, Released on 1/30/25 (Recorded on 1/29/25)

Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the recent policy actions from the Federal Reserve and the Bank of Canada, and what’s next for the U.S. and Canadian economies.

0:00 – Fed decision
2:28 – Fed’s economic assessment
9:35 – Quantity Theory Of Money
19:28 – Inflation and the labor market
24:48 – Money supply level
28:00 – Money velocity
30:00 – Country with highest inflation
32:00 – Fed’s response to market crash
37:00 – Bank of Canada
40:35 – Canada’s economy
44:43 – Consumer debt
47:00 – High-yield bonds
50:26 – Resignation of federal workers

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. His latest book is Capital, Interest, and Waiting: Controversies, Puzzles, and New Additions to Capital Theory.

  economy, federal reserve, steve hanke, stocks