Is The U.S. Going Bankrupt? Will Your Assets Be Confiscated? Economist Steve Hanke Answers

The David Lin Report, Released on 4/4/24 (Recorded on 4/3/24)

Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the Fed’s next course of action, the impact of rising debt on investors, and the result of lowering fertility rates.

0:00 – Intro
2:00 – Fed monetary policy
4:55 – Inflation outlook
9:30 – Will the Fed still pivot?
12:45 – Money velocity
23:30 – Bond yield outlook
26:20 – Interest payments
28:20 – Confiscation of assets
30:54 – Rising government debt
32:19 – Declining fertility rate
38:20 – Risks to civilization
41:22 – BRICS
45:00 – TikTok ban
50:00 – Dollarization vs. currency board

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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mack

Mr. Hanke, the money supply M2 has come down slightly from its peak and now is stable and will probably start to rise again. Check the FEd data!