Art Laffer & Steve Hanke: Is Great Depression 2.0 And Poverty Coming?
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- Опубликовано: 2 июн 2024
- Arthur Laffer, Chairman of Laffer Associates and Steve Hanke, Professor of Applied Economics At Johns Hopkins University, discuss the biggest problems the economy faces and how to solve them.
*This video was recorded on May 15, 2024
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FOLLOW STEVE HANKE:
Twitter (@steve_hanke): / steve_hanke
Email: hanke@jhu.edu
FOLLOW ARTHUR LAFFER:
The Laffer Center: laffercenter.org/
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Twitter (@davidlin_TV): / davidlin_tv
TikTok (@davidlin_TV): / davidlin_tv
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For business inquiries, reach me at david@thedavidlinreport.com
*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
1:41 - 5 pillars of prosperity
7:50 - Free trade
12:00 - ‘Green socialism’
18:30 - Free trade with hostile nations
25:50 - Tax policies
34:30- Biggest economic problems
37:35 - Argentina
42:20 - Bitcoin
47:20 - Private money
49:20 - Advice for young people
#economy #economics #investing
The best moderator you don’t notice, the guests are the stars, just steer them in the right direction.
EVs aren't green and CO2, .04% of the atmosphere, is not destroying the planet, or warming the atmosphere. Such dangerous nonsense.
contrary to the current trend of interviewers that 1. don't let the interviewee reply and 2. answer their own questions themselves
Facts!!!
And asking great questions. David Lin is a rising star.
David Lin is a master of this journalistic practice.
The kind of quality in-depth debate we never see on CNBC....... well done David... ❤
Yep instead of this you get Jim Cramer's ranting on CNBC.
Two economic titans having a great discussion. Both in their twilight years, but both sharp as ever. It was a joy to watch.
Both of these men are absolute icons in their area of expertise. I graduated high school in 1987 in Maryland, both these men were discussed in our teachings of current events. Excellent debate allowing the two stars to shine as they both deserve. Art Laffer still has the spirit of the Reagan days with his jokes and ability to slice through sensitive topics. I still look back at Reagans many jokes and how he brushed off opposition while cracking a joke in the next breath. Absolute brilliant display of wisdom and knowledge from our elder professionals. More intelligence between these two men than the entire white house today.
Their combined intelligence may surpass the current entirety of the Swamp.
OMG, did you drink the KoolAid. Reagonomics simplified: Bust labor unions, cut taxes on the owners, back to the Guilded Age of latter day Robber Barons, chop wood in cowboy boots for the cameras to act a hero to the common man while silently conducting economic warfare on said common man.
David Lin with another high caliber debate.
This isn't a debate. These guys are butt buddies as far as I can see...
This was comedy gold. Even David Lin got in on it: "Connecticut... is a state a lot of people want to move to." And Laffer has an Obamaphone. These guys are where I want to be when I'm 83.
David, thank you. You do have the best financial podcast on RUclips. The ability to get these esteemed gentlemen together is awesome and appreciated.
This was one of the best shows! Economic intellectuals demonstrated that staying sharp well into your 80s doesn't require a technology device.
David, you have to bring Laffer back, he's great.
I like Hanke better
@25Soupy - watch Peter Schiff va Art Laffer before the 2008 crash and see if you still feel the same way.
These two guys are GREAT. Thanks for having them on.
Art laffer is the man! Bring him back for his property tax theory!!
You people truly have no clue what Laffer was about.
Famous for the Laffer curve that describes diminishing returns when taxes increase.
I'm not a soy boy socialist so I can understand facts and appreciate his work. @@jaredcrenshaw7665
@@jaredcrenshaw7665 what is he about?
Before watching this I know we're in for a great show and likely humorous. Love professor Henke
The fact they un-plug keeps their brain functioning on a higher processing capacity!
The best moderator and guest every time. This channel is gold!
Commented early just to say that I am looking forward to this. David is a great moderator and people respect him.
Art's 83! Damn... he's sharp as a tack and looks good for 83.
He should be the president not Biden.
Art owes Schiff
@@Blueblackngold Schiff is a dink.
@@Blueblackngold Yes. Pessimism is noticeable when it's right, but optimism in the long run is the better attitude for a capitalist economy. Adam Smith, not Robert Malthus.
Nobody else doing this. Great work David.
This is the one i was waiting for David you have the best guest best show
I never would have thought Dr. Hanke was older than 70.
Two amazing minds with a moderator of the highest caliber. Thank you David so much for these. We continue to learn.
Art Laffer is such a badass, I'd be friends with him in an instant.
The great John T. Flynn was once introduced as an Economist.
He was then asked what is it an economist does.
He was actually a trained lawyer, a graduate from Georgetown.
He quipped "God knows, ask him!"
🥊🧠OLDIES but GOODIES🥊🧠
All-star guests this time! What a privilege to live in a time where you can listen to their wisdom with one click :-)
Excellent again. I watched it twice. These guys are national treasures!!!
The U.S.A. today : Wealth is based on the family you are born into, who you are friends with and who you are friends with. 😅
Believe me or not, thats Astrology.
Specially where the Venus, Mars, Jupiter and Saturn are, in which position.
Tell me who you are with and I will tell you who you are
"Takes money to make money".........and not talking about printing more !!
Thank you so much. Mr. David Lin, Dr. Arthur Laffer and Mr. Steve Hanke.
Amazing. I had a great time with both of them. Amazing interview. Loved it!
Beautiful interview, so powerfull thinkers! Thanks a lot David!
Incredible discussion with two living legends!
2 of my favorite. Glad to see they're friends! Nice work Mr Lin!
Steve ...sadly correct..our country needs to grow some balls .
Were cow towwing
I felt as though I had a front row seat on the truth of economic and money reality....then a second later I realised I did. Amazing. Best discussion I've seen in years.
81, and 83, I’m 64, and you two look great. So do I.
Professor Hanke is the man!!! 81
That’s why we love your channel David.
Just keep doing what you’re doing in bringing the best financial and economic minds we have and giving them a forum to discuss and debate their views.
Thank you 🙏.
By far, the Steve Hanke interview with another person on the Panel is invaluable. We learn a lot.
That was absolutely awesome, loved them both!!!!!
USDA SNAP cards are the invisible bread lines from the 1930s. About 12% of the US population is in those invisible bread lines. The percentage may actually be higher as many children don't directly hold SNAP cards, but are part of the overall population.
No reform or change either , without return to Constitutional Money !
Ahhh yes
Wow Dynamic interview! Two legends....Thank you
Great Job interviewing these two guys David...very educated intelligent conversation
Gold will always have fundamental value because it is the best conductor of electricity. It doesn't tarnish, rot, rust or spoil and it can easily be identified, tested, measured and divided. It's only problem is that it can't be sent at the speed of light.
Not so easy to identify when people in China are being wiped out after purchasing fake gold bars
Actually, silver is the best conductor of electricity.
@@PinballBob1 true, until it tarnishes .
Gold not so easy to identify these days as people are losing their life savings in China when they purchase fake gold bars
@@PinballBob1unless it's used in chips and micro-boards.
OMG ! You 3 gentlemen together are a Gold Combination ! Thank you so much !
Damn David. You’re getting some class A mofos to debate. Love it. Serwus!
Mr Laffer and Proff. Hanke are two completely opposite characters that are both very intelligent and experts in their field. Their understanding of how economy works and how each parameter affects it is so eye opening. David you are a great host and you know how to pick the right guests 👏 I truly wish i could some day meet you all in person.
I remember playing a civilization building game that incorporated the Laffer curve into the economics of the game. You built cities and collected resources like many games, but one of the functions of the game was taxation of the cities. The way it worked was, you had to attract population to the city to create workers or military. If you lowered taxes population would increase faster and workers would produce resources faster. If you raised taxes above 30% your cities would begin losing population and workers produce less resources. The peak efficiency was 30% however most players kept tax rates at 0% to attract population the fastest and sell resources to get gold instead of taxing. If you were fighting a war you always wanted to put taxes to 0% so that you could recruit military faster.
There was a strategy to collect some gold quickly which was to build up thriving cities then increase taxes to 50% and for a short time you could collect more gold but your population would start leaving and resources and military would decline so you had to do it for only short periods at a time. If you raised taxes over 80% your population would rebel and destroy your own cities after a while and military would desert. It was a really interesting game.
What an amazing conversation. Your channel is a gem, David.
Laffer really lives up to his name. Appreciate his vibes
this is some first level stuff you have going on here. you have definitely stepped up your game man!!
What a pleasure gentlemen - I thought everyone had lost their sense of humor already.
UNBELIEVABLE GUESTS!!!! HANKE AND LAFFER. ICONS!!!!!!!!!!!!!!!!😀😀😀😀😀
Just awesome!!! I have the utmost respect for all three of these fine gentlemen.
David, I watch you shows more and more.. Really enjoyable. Thanks
God damn Art is sharp for 83 insane!!!!
Best podcast on the planet hands down 👏 ❤
It doesn't get any better than that. Great work, David!
David, you have done many excellent interviews. This style is your best. And two legends at the same time! These guys gave us all the answers we need.
You hit a home run with this interview. In my opinion, these are two of the best economist, and they gave very insightful responses to the questions.
Thank you so much David for bringing these gentlemen on the show.
Whoa. Laffer and Hanke? Wow.
This historical context is so vital to pass onto all of us. Need to disseminate their legacy of facts, data and patterns; so we do not repeat the mistakes. Those who do not know history, are destined to repeat it. I choose to learn, grow and hope! Ty gentlemen!
David, you nailed this interview with these great guests.
First. And Hanke is my favorite
Yes he just let's them speak
And sits back
Not really he interrupts a lot.
Jimmy Carter is the one that brought in Volker. He did the hard work during his presidency and then Reagan benefited from lowering interest rates and from massive increases in the federal debt spending. Reagan is the beginning of the massive debt problem and wealth gap problem we have now
just like drumpy
And so did Reagan and the inflation rate didn’t go down until 1983 to 3% and it hit its peak in 1980 so maybe do some research before you give Carter credit
Dems deal with feelz not facts.
@@robertfrey3880 Carter started the hard job during election time. Reagan only had to finish what was working long before an election. That is a fact
@@anotheruser5654 I’m not a dem, I’m just capable of the truth. Are you?
What a treat, Mr. Lin. You are going from strength to strength and attracting great guests.
D Lin!! Holding it down! Show is 2nd to none
This is the BEST interview put by this show EVER!!!
Podcast of the month, these 2 need need to be a bigger platform.
Agreed, but they have opinions of foundation and not the glitzy statue.
Legend's, intelligent wise men with a great sense of humour. I can listen to them for hours. ❤❤❤❤
Property taxes are out of control. It's not sustainable and is going to get crushed down as things implode. The best thing about that is, it will require major cutbacks of state governments.
That’s because spending has been out of control for years .. especially since 2008.
These two are super enjoyable to listen to.
Thank you David.
Arthur Laffer! How awesome! We don't see him enough anywhere!!!!
I must say, as a residential developer in the 70s in California, the raging inflation was behind Prop 13, skyrocketing yearly appraisals were running people from their homes.
First class podcast Well done David.
We are blessed to watch two living legends right now!!!
Fantastic!
Two old knights fighting it out.
Learned so much. Thank you.
I really enjoy these two learned gents. Also credit to you for allowing them the space to engage and elaborate on some key themes. Thank you David
When 2 men this caliber are BOTH being interviewed by an entrepreneural REAL journalist, you drop whatever your in the middle of and listen. Great video!
Thank you gentlemen. I was waiting a long time for this!
Both look and have great attitudes
Looking forward to Good discussion
I wonder when David Lin is going to land a big contract with some of these big news platforms.
He said he’s never going back to Kitco so probably not interested
@@ScottishTerrorsInLA I don’t consider Kitco a big financial news outfit.
One of the best most informed interviews I've heard in a long time! Two thumbs up 👍👍 stands to reason!
Amazing show with these two economists!!
Thank you, David!
The only guest on Lin's show worth listening to
Many people are worth listening to, even if you don't agree with them; which is normal.
Never been disappointed by David’s show even if I don’t completely agree with guest
We are blessed to hear such great wisdom. It is a shame that these strategies are not implemented right now. Can't somebody get this to people in power?
Thanks David!!!!
Great interview!!!! Thanks for letting these two icons have the floor.
37:35 - 42:04 ... David Lin takes a long restroom break. In his next interview, David will try his hand at herding cats ;-)
David….you just keep killing it! Great content! I’ve watched you since you took over for Neals at Kitco and you just keep getting better
Anyone else play the drinking game, “guess David’s daily hairstyle - How manic will it be?”
Besides it leading to one heck of a bad drinking habit, …these are great interviews!
Keep ‘em coming!
Excellent discussion, very informative , thank you David
Excellent show David!! Love these two guests!! ❤️
The best guests today. Thank you
An interview with professor Werner and professor Hanke would be amazing!
Great interview and discussion. Brilliant guests.
Holy Dyna sauerkraut Batboy!!! The greatest hit line-up is still full of firearms.
I just heard an interview with professor wolf and none of this was brought up. A real interview with actual thoughts. Thank god.
Always enjoy listening to Steve. He looks and sounds no more than 60.
Thank you for putting this together David! True wisdom here...
Amazing guests & engaging interview, @David!
DAVID. Almost everyone one of these "podcast?" you release is better then the last.