Wealthion, Released on 3/5/25

In this detailed and wide ranging interview, Steven H. Hanke – renowned currency and financial policy expert and Professor of Applied Economics, Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at the Johns Hopkins University – sets the stage for why we are set up for a U.S. recession in 2025, tariffs and their effect, the trade war doom loop, the Ukraine/Russia War effects and much much, more.

Key Takeaways from this interview:
U.S. Trade War Is a Doom Loop
Tariffs will have to be modified
Uncertainty in the economy and its effects
The Ukraine Problem
U.S. and Recession
The Markets
Warren Buffett and his Apple Trade

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, recession, steve hanke, tariffs