Dollar Collapse As Petrodollar ‘Ends’? Steve Hanke Debunks Fake News, ‘Fairytales’

The David Lin Report, Released on 6/27/24

Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the petrodollar disinformation, UBi, minimum wages, and the labor market.

0:00 – Intro
0:30 – Petrodollar
11:30 – U.S. dollar outlook
14:37 – ‘California Madness’
15:42 – Minimum wage
23:17 – UBI
32:37 – Trump’s tax and tariffs plan
34:40 – Ricardian Equivalence
36:48 – Phillips Curve
41:22 – Argentina

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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