David Lin, Released on 9/21/25 (Recorded on 9/19/25)

Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the implications of the latest round of central bank monetary policies around the world, what happens when the Fed loses independence, and why gold could climb to $6,000 in this bull cycle.

0:00 – Intro
0:52 – Central bank activity
10:24 – Fed’s monetary policy
13:40 – Risk-on sentiment
18:00 – Gold price outlook
24:33 – Fed independence
27:06 – Bank of Canada
29:09 – Bank of Japan
31:43 – Bank of England
34:50 – ECB
38:00 – Dollar outlook

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, gold, investing, recession, steve hanke