The David Lin Report, Released on 10/7/24

Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the labor market, oil spike, geopolitical tensions in the Middle East, China’s stimulus package, and U.S. Presidential election odds.

0:00 – Intro
0:30 – Latest jobs report
6:23 – Wages and inflation
7:47 – Trump and labor market
10:50 – Immigration and economic impact
13:35 – Government jobs added
16:46 – Government spending as % of GDP
18:25 – China stimulus
23:00 – Oil and geopolitical tensions
27:15 – This would cause ‘world depression’
28:55 – Presidential election odds
35:00 – Kamala Harris’s economic plan

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.

  economy, inflation, steve hanke