WTFinance, Released on 1/15/25 (Recorded on 1/10/25)

On this episode of the WTFinance podcast I had the pleasure of welcoming back Steve Hanke. Steve is the Professor of Applied Economics and Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University. He is also the author of the recently released book “Capital, Interest and Waiting: Controversies, Puzzles and New Additions to Capital Theory”. During our conversation we spoke about what happened in 2024, quantitative tightening, the treasury, drivers of money supply, trump inflation, the dollar wrecking ball, recession risk and more. I hope you enjoy!

0:00 – Introduction
2:20 – Review of 2024?
8:18 – Quantitative tightening
10:47 – Treasury bond issuance
13:37 – Issue with FED & Wall Street
17:52 – Drivers of money supply
21:32 – Bond market issue
28:18 – Trump inflationary?
31:27 – Dollar wrecking ball
36:32 – Grow money supply with high debt?
42:12 – One message to takeaway?

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, investing, recession, steve hanke