The David Lin Report, Released on 11/28/24 (Recorded on 11/27/24)

Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the likely effects of Trump’s tariffs on the economy and the U.S. dollar. Hanke also discusses his outlook for inflation and his views on the latest Bitcoin price rally.

0:00 – Intro
1:55 – Smoot-Hawley vs. Trump tariffs
4:43 – Collapse in trade?
6:15 – Tariffs and unemployment rate
13:45 – Tariffs’ impacts on consumers
16:33 – Tariffs and the U.S. dollar
19:55 – China’s ultimate weapon
23:00 – Is inflation coming back?
30:20 – Department of Government Efficiency
42:10 – Scott Bessent’s 3-3-3 policy
47:33 – Bitcoin strategic reserve
54:10 – E-cash

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, election, Great Depression 2.0, steve hanke, tariffs, Trump