The Julia La Roche Show, Released on 10/15/24

Steve H. Hanke, professor of applied economics at Johns Hopkins University and the founder and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise, joins Julia La Roche on episode 202 for a conversation on the state of the economy, the money supply, inflation, and the upcoming election.

00:00 Introduction and welcome Professor Hanke
02:06 Discussion on China’s economy and inflation
04:29 U.S. economy and money supply contraction
07:29 European economic situation
10:41 Focus on money supply vs interest rates
15:59 Discussion on job report revisions and data reliability
21:17 Inflation forecast and bond yields
25:57 Fed’s record on predicting economic trends
27:29 Book recommendations on economic theory
31:57 Analysis of upcoming election (polls vs prediction markets)
38:17 Economic policies of candidates
42:40 Industrial policy and protectionism
45:15 Government spending as percentage of GDP
48:40 Parting thoughts and new book announcements
50:22 Closing remarks

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, recession, steve hanke