I have found him (Hanke) to be well balanced almost always. Bubbles burst of their own. How is the current expansion a bubble? It's based on the relentless growth of debt and deficit.
Sounds good, endless Government expansion, funded by the US population buying US Bonds. The problem is the Fed will buy bonds at low interest rates, I won't. Hanke doesn't say much about debts and interest on that debt.
National borders are completely consistent with mercantilism. Capitalism is about property rights: landowners should be free to invite or exclude whomever they want to or from their own land, government shouldn't set policy for everyone
No sir. Steve Hanke's observation and understanding of a negotiation is fundamentally childish and he appears to be "debunking" for Trump's opposition, entirely. Being in all sides of the issues as trump does projects who lobbied him last as well as signaling openness which usually makes opposition more reasonable to win Trumps favor. Art of the deal
There's no turmoil. This is just how international competition works these days. War is part of it. Killing your way to success has always been a strategic method. Wealth expenditures and dept is also included. It only looks bumpy and unruly to the press or those that like to ignore history on this planet.
Why did the money supply increase Steve? Oh, no reason! We increased the money supply for the heck of it! No reason! It was just sort of another joke by a bunch of incompetents! Right? DUH!
This was a good interview and good takeaway from it. I am confused with the Steve Hanke tweets Xon Turkey.. i do not understand if he really the one that quotes and draws like that! Could you make a video on RUclips on that as well?
Thank you so much for this amazing video! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
@@dadbod_way6916 Musk is right about government spending . But what Musk does Not understand is that the Money comes from the printing press of the Federal Reserve Bank. Not from taxes. Any printing press Money are increased currency supply. So inflation. It's like the wind you feel it's blowing but Must doesn't know were is coming from.
@@rogerburn5132 He understands it clearly. He doesn't believe the morons in the US will do anything about the current incompetent criminals in office until next month.
@@rogerburn5132 “It’s the fed that is actually devaluing the currency by printing more of it in order to finance all they government spending” -EJ Antoni, Heritage Foundation
That article on DST is actually more about the adoption of Coordinated Universal Time which is a whole different issue. I have to disagree with Hanke here. We now have time set by computers all around us - even in our watches with great precision, so what's the big deal if the time on the computer "moves" different where you are? Or forward/back an hr depending on the seasons? This is not the issue anymore. The issue is inflexibility of the work place... less and less workplaces are "time dependent" these days anyway... well all those expect Government departments! (Which on this aspect is a kind of "discrepancy" jumbled in the Professor's head) Not Trumps. Because Hanke argues (correctly) Government is way less productive than the private sector. Is he seriously suggesting bureaucracy will become more efficient and productive with the scrapping of DST and the adoption of Cooordinated Universal Time?
@@togoni Hi togoni. Could you define Socialism? You are talking nonsense. If you work with me, I think we could both learn. So what are you on about? Regardless, I will not allow you to speak disparaging foolishness without a reply. Good day.
As far as I know, President Trump grew up in a wealthy family and one in which his dad taught him about real estate. I don't know if he even went to college (I'm willing to be informed) In other words, President Trump, as likeable as he is, has had a narrow focus in life. He knows nothing about foreign policies, nor much about either of the two other major powers in our world, that of Russia and China. Having been in real state my whole life, the game is played in negotiation, and usually doesn't take much time to reach a conclusion. A contract, or contracts are written, signed, and the law backs them up. Not so, necessarily, with negotiations about the end of wars or territorial disputes. This does not bode well for the US. Trump may be dependent upon the very deep state which he campaigned against. I will not be surprised to see WW3 begin the Middle East or Ukraine, partially because of Trump's ignorance.
I have a totally different take. Steve Hanke the village idiot. Steve is mostly always wrong. Look back on the interviews he's given the past 6 months. About Trump? I have no idea but I didn't see Hankes name on my ballot, if he thinks his ideas are better for the nation.
re Daylight Savings, Hanke says do away with Local Time completely so that the time shown on the clock is the same at every location in the world; and that this just means that instead of the working day being 0800-1700 in Local Time, that is changed to being quoted in Universal Time UTC aka GMT. WHY would that be less harmful to peoples' health having working hours in Local Time NY 1700-0200?? Every single person in the world would have to change their Local Time working hours to UTC working hours, and the Sun would no longer rise at around 6am at the Equator and set at about 6pm Local Time, as it has done for hundreds of years. re Waiting - since 2008 the average person would have received (did receive) 0 for "Waiting"; the banks determine the reward for "Waiting", and don't pay!! In Europe and the US, the working population DOES make COMPULSARY payments from their wages into a "Waiting" fund - it's called Social Security in the US, National Insurance in the UK. The problem is that the money is not used by anyone accountable to create investments for the future.
"the war against Russia is what how it's destroyed the European economies and and then we get into things that you and I are interested in why why do you think the euro is so weak" Why do you think special imperial operation is a war against Russia? Why do you think the ruble is so weak against euro? Why do you think interest rate in Europe are 3% and 20%+ in Russia?
So why didn't he? Are you faulting people who are smart enough to use the governments money instead of their own to build wealth? Sounds smart to me. Also sounds like the whole green agenda which exists off of government money
A bit of a mixed bag. Prof Hanke’s instincts on Trump are difficult to argue with. And he scores a bullseye on what Putin will demand for a cessation, and Trump will not able to “end” the Ukrainian confrontation except in nominal terms. Comparing the “productivity” of the US to Europe is an apples-to-oranges comparison. Europe has mostly socialist societies. In the US, spiraling healthcare costs contribute to an increase in GDP. Universal healthcare in the US would cause “productivity” to decrease. Increases in drug costs are a big boost to increases in GDP. However, his Friedman-derived interpretation of the monetary basis of inflation (taught even in my college days decades ago) is much too simplistic. According to this theory, it must be true that zero inflation is attainable by never changing the money supply.
Trump has all the best options. There was NO ONE ELSE on the ballot that made more sense. Hence, America elected him. No one will have all perfect ideas but we have to roll with what we have.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Jessica Dawn Walters” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I haven't seen Free Trade since I traded baseball cards on the playground.
You are totally right! The US, like the EU, doesn't have a clue about what is going on!
Doing as instructed by their puppet masters.
Obeying orders should not be an excuse.
Keep it coming Dr. Henke. You're just beginning to hit your stride.
Steve Hanke is always Brilliant. ALWAYS LIKE 👍👍👍👍👍
Marry Christmas to Steve Hanke and Jesse Day All The BEST 👍👍👍
Listening to Steve Hanke is correct 50 year war.
The last time there was a balanced budget was in the 80s I believe with Newt Gingrich I wonder what the inflation rate was in the 3 years after that
This Paw Paw needs to read “ Economist Rudi Dornbusch is known to have said that economic expansions do not die of old age; they are murdered.
I have found him (Hanke) to be well balanced almost always. Bubbles burst of their own. How is the current expansion a bubble? It's based on the relentless growth of debt and deficit.
The Gov has no bis with bitcoin .. stay out ... why not just invest in Casino chips , Buy them all , be the king of chips ... WTF
saving unbacked dollars with unbacked digits. your nation is pure comedy at this point.😂
Congress will never let it happen@puppets.and.muppets
Nothing personal Professor Hanke I am Canadian.
Steve the book sounds very interesting.
Steve is 5he best of the best, merry Christmas 🎄
Anyone with a gnat"s IQ who has been to Ukraine knew Ukraine lost the war as soon as it started.
💯 so many populous don't have the iq of a gnat, as we have seen hugely! Super eye opening.
Appreciate the insights!
steve hanke a great professor....... good men....happy holiday
“The more you do, the more you do”.
Sounds good, endless Government expansion, funded by the US population buying US Bonds. The problem is the Fed will buy bonds at low interest rates, I won't. Hanke doesn't say much about debts and interest on that debt.
He's 4yrs. older. It matters as far as his mental health. This is a real issue.
Dementia Biden can govern for 4 years, thats ok tho, eh?
Though Not remotely comparable to the past 4 years. Moreover, younger exceptional people we all know are behind him....not the secret shadows.
National borders are completely consistent with mercantilism. Capitalism is about property rights: landowners should be free to invite or exclude whomever they want to or from their own land, government shouldn't set policy for everyone
In Gold we Trust 😅
🥇🥇🥇🥇🥇🥇🥇🥇👍👍
No sir. Steve Hanke's observation and understanding of a negotiation is fundamentally childish and he appears to be "debunking" for Trump's opposition, entirely. Being in all sides of the issues as trump does projects who lobbied him last as well as signaling openness which usually makes opposition more reasonable to win Trumps favor. Art of the deal
Behave like an idiot might be a genious tactics or it might be just the way you are.
Good q.s!
I would love to hear someone interview Frank Guistra about Uranium One and his involvement.
saving unbacked dollars with unbacked digits. your nation is pure comedy at this point
the entire globe is comedy….tragic comedy
Actually that balanced budget was in the 90s with Newt Gingrich I believe when Clinton was President so what was inflation 3 years after that
How could commodities perform well during Hanke’s upcoming recession?
There's no turmoil. This is just how international competition works these days. War is part of it. Killing your way to success has always been a strategic method. Wealth expenditures and dept is also included. It only looks bumpy and unruly to the press or those that like to ignore history on this planet.
And to the victims and their families. How callous
Why did the money supply increase Steve? Oh, no reason! We increased the money supply for the heck of it! No reason! It was just sort of another joke by a bunch of incompetents! Right? DUH!
To keep the debt structure from collapsing.
Why is the change in M2 in China the key…to what, & how?..
This was a good interview and good takeaway from it.
I am confused with the Steve Hanke tweets Xon Turkey.. i do not understand if he really the one that quotes and draws like that! Could you make a video on RUclips on that as well?
If russia is doing so grt why are they fielding north koreans?
excellent
So, PBoC targets 3% CPI?
Military Spending Will Coast The Americans!
Bitcoiners don’t like Hanke because he applies rational thought! 😂
Well done Jesse. You’re smart. You listen and ask good questions.
Thank God there is a speed option watching this you tube videos😜
Some good points: war in Sudan being neglected, latin america is the only island of safety, government can’t be made efficient👍
Come check out Uruguay.
Henke said the US money supply has been contracting
But this is just not so
FRED shows 5% growth in M2 in CY 2024
You can't make a government efficient? So your guest thinks we should not even try something new?
You have no sense of humor
Thank you so much for this amazing video! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Musk is right it’s government spending. Hank’s is just using different words.
@@dadbod_way6916 Musk is right about government spending . But what Musk does Not understand is that the Money comes from the printing press of the Federal Reserve Bank. Not from taxes. Any printing press Money are increased currency supply. So inflation. It's like the wind you feel it's blowing but Must doesn't know were is coming from.
@@rogerburn5132 He understands it clearly. He doesn't believe the morons in the US will do anything about the current incompetent criminals in office until next month.
@ right, the fed is printing because of deficit spending.
@@rogerburn5132
“It’s the fed that is actually devaluing the currency by printing more of it in order to finance all they government spending”
-EJ Antoni, Heritage Foundation
@@dadbod_way6916 It's monetary debasement.
wish Mr.Hanke missed the Great Ripper for a long long time...
@23:40 speaks volumes - he has no answer - because there IS NOWHERE TO GO except the old USA, USA, USA!!!
With everything Americans are dealing with right now spending even 5 minutes on daylight savings time is ridiculous!
That article on DST is actually more about the adoption of Coordinated Universal Time which is a whole different issue. I have to disagree with Hanke here. We now have time set by computers all around us - even in our watches with great precision, so what's the big deal if the time on the computer "moves" different where you are? Or forward/back an hr depending on the seasons? This is not the issue anymore. The issue is inflexibility of the work place... less and less workplaces are "time dependent" these days anyway... well all those expect Government departments! (Which on this aspect is a kind of "discrepancy" jumbled in the Professor's head) Not Trumps. Because Hanke argues (correctly) Government is way less productive than the private sector. Is he seriously suggesting bureaucracy will become more efficient and productive with the scrapping of DST and the adoption of Cooordinated Universal Time?
Why doesn’t Trump own any BTC?
Get up to speed with Uruguay.
We don't have daylight savings time. Come on America!
You have socialism. You should not talk about anything
@@togoni Hi togoni. Could you define Socialism?
You are talking nonsense. If you work with me, I think we could both learn. So what are you on about?
Regardless, I will not allow you to speak disparaging foolishness without a reply.
Good day.
The fed needs to go away.
As far as I know, President Trump grew up in a wealthy family and one in which his dad taught him about real estate. I don't know if he even went to college (I'm willing to be informed) In other words, President Trump, as likeable as he is, has had a narrow focus in life. He knows nothing about foreign policies, nor much about either of the two other major powers in our world, that of Russia and China. Having been in real state my whole life, the game is played in negotiation, and usually doesn't take much time to reach a conclusion. A contract, or contracts are written, signed, and the law backs them up. Not so, necessarily, with negotiations about the end of wars or territorial disputes. This does not bode well for the US. Trump may be dependent upon the very deep state which he campaigned against. I will not be surprised to see WW3 begin the Middle East or Ukraine, partially because of Trump's ignorance.
Neither candidate said they would raise taxes so your "what if" is useless.
I have a totally different take. Steve Hanke the village idiot. Steve is mostly always wrong. Look back on the interviews he's given the past 6 months.
About Trump? I have no idea but I didn't see Hankes name on my ballot, if he thinks his ideas are better for the nation.
re Daylight Savings, Hanke says do away with Local Time completely so that the time shown on the clock is the same at every location in the world; and that this just means that instead of the working day being 0800-1700 in Local Time, that is changed to being quoted in Universal Time UTC aka GMT. WHY would that be less harmful to peoples' health having working hours in Local Time NY 1700-0200?? Every single person in the world would have to change their Local Time working hours to UTC working hours, and the Sun would no longer rise at around 6am at the Equator and set at about 6pm Local Time, as it has done for hundreds of years.
re Waiting - since 2008 the average person would have received (did receive) 0 for "Waiting"; the banks determine the reward for "Waiting", and don't pay!!
In Europe and the US, the working population DOES make COMPULSARY payments from their wages into a "Waiting" fund - it's called Social Security in the US, National Insurance in the UK. The problem is that the money is not used by anyone accountable to create investments for the future.
The change of the money supply is to support gov spending!!!!! Hanke GTFOH
"the war against Russia is what how it's destroyed the European economies and and then we get into things that you and I are interested in why why do you think the euro is so weak"
Why do you think special imperial operation is a war against Russia?
Why do you think the ruble is so weak against euro?
Why do you think interest rate in Europe are 3% and 20%+ in Russia?
Everyone's wrong but your guest lmao
Dr Hanke don't sell yourself short; if you would have gotten as much govt subsidies as moshk did, you'd be billionaire too!!
So why didn't he? Are you faulting people who are smart enough to use the governments money instead of their own to build wealth? Sounds smart to me. Also sounds like the whole green agenda which exists off of government money
This guy doesn’t even understand a chart. He says M2 is dropping while it’s up for the last year.
Pink walls?
Sounds like Hanke believes Europe invaded poor rich Russia ))
I don’t do Hanke…
Work on your audio
A bit of a mixed bag.
Prof Hanke’s instincts on Trump are difficult to argue with. And he scores a bullseye on what Putin will demand for a cessation, and Trump will not able to “end” the Ukrainian confrontation except in nominal terms.
Comparing the “productivity” of the US to Europe is an apples-to-oranges comparison. Europe has mostly socialist societies. In the US, spiraling healthcare costs contribute to an increase in GDP. Universal healthcare in the US would cause “productivity” to decrease. Increases in drug costs are a big boost to increases in GDP.
However, his Friedman-derived interpretation of the monetary basis of inflation (taught even in my college days decades ago) is much too simplistic. According to this theory, it must be true that zero inflation is attainable by never changing the money supply.
Trump has all the best options. There was NO ONE ELSE on the ballot that made more sense. Hence, America elected him. No one will have all perfect ideas but we have to roll with what we have.
Hanke seems to be in cognitive decline.
messed up waste of time this guy
Hardly. Steve Hanke has made my day!
The reason why i dontrust this guest is that JHU re eives lots of money from China,so he is not an honest broker here.
Economics is your field Steve. That's why you're a multi billionaire?
Prayers for the kidnapped children Russia pillaged. Will they have a Merry Christmas?
I'm not aware of this. Truly.
We're those children ethnic Russians taken from the Donbass and surrounding territory?
I'm willing to learn.
go on living in the western propagandized world u wallow in. yr pathetic lies are going viral.
Liar.
@@Marius_vanderLubbe
Are you uninformed or just can't handle the truth?
@@RichardKut-j7m Go ahead and link me proof.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Jessica Dawn Walters” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
What? That's shocking! The mighty dragon does not have a university in circus clown technology?