Steve Hanke on the Fed’s Failures, Trump’s Win, and Recession in 2025

Between Druckenmiller and this guy, the choice is pretty obvious.

you say the average person got nothing but an inlation tax, but what about lower unemployment?

Interesting to hear Hanke dump on Biden because his policies (and those that were carried over from Trump) when the last thing the gOP did was push through a ta xbreak for the wealthy and the corporations they invest in.

Recession or not, when everything is hitting all-time highs, it’s a good time to trim some positions and build up cash reserves. I’m thinking of diversifying my $200K portfolio to hedge against potential downturns, but I’m unsure of the best strategy to pursue.

I listened for 5 minutes....nothing new here.

Trump did not win by a landslide, he got fewer total votes this time, than in 2020. And he failed to get a majority, still under 50% and, only won by a bit more than 1.6 points. The Republicans failed to really get a solid majority in the House, and, it remains evenly divided. Yes the Democrats lost some marginal Senate seats, but, they also won four in states that Trump carried. This was not a landslide by any measure. The media has bought in to that meme, and, Trump is trying to use it to justify his outreageous cabinet picks. In two years, the Republicans will have to defend what ever happens with the economy.

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Essentially click bait.

Such bs comments...trump gave away $5 trillion to bogus ppp loans and cash handouts snd billionaire tax breaks. That's what caused the income inequality Not the inflation reduction act etc. And now we literally have 2 billionaire elites in charge of our gov 🤡

The person, who’s not able to understand what’s going on between Ukraine and russia and why the USA gives Ukraine weapons, and why it’s not the same as the North Korean troops in Ukraine, is not worth to listen to.

What do you mean by op-eds, you mean propaganda😢

Wasn’t a damn landslide, stop lying.

Great interview, very interesting

YOU MEAN THE BEGINNIG OF THE DEPRESSION ,AS BAD AS THE 29 CRASH

does the professor have any data to support his intuition? the St Louis Fed data says the opposite - 2018 t0 2023 the bottom quintile had income growth higher than middle which in turn was higher than top quintile.

He didn’t win by a landslide. Let’s be clear!!!!

You have no idea about Ukraine and Russia war, and I am now wondering if you really know wat you are talking about about economy as well....

He did not win by a landslide. Have you been watching the latest numbers.

Our workers are being gutted and our adversaries are placing tariffs on us how is that equal?

Almost everyone said that tariff will cause inflation, so doesn’t this erase the supposed, lower inflation in 2025?

Is it money supply only. Supply and demand doesn’t affect prices?

I been saying it's. Start in 2008

Solution what do you have

SOS - predicting another recession that never comes. One day you will be right, but you might be dead by then.

His comment on main media just spinning what they want, real news coverage is minimal.

if you just look at the presidential candidates trump and harris .. both were pretty bad .. and how Trump got voted in on ending the russia war in one day or week , deporting millions of overstayers, tariffs on all imported goods at this stage. Good luck America you are about to drink the elixir you bought from a carpet bagger , and it's not going to taste great

Let me get this straight: poor people got mad at the rich getting richer...so they elected billionaires who screw the poor people. Yep, makes no sense whatsoever.

a landslide? 1.6 percent and less than 100 electoral college votes is not a landslide, nor is the 213-219 and counting Congress.

You revolt against the rich by voting for a man who claims to be a billionaire, who was convicted of 34 felonies who is also an adjudicated fraudster and rapist? Now that’s just weird

This is the most absurd thing i have heard absolutely false

Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm now thinking of ways to protect my portf0lio worth of $800k from this bloodbath.

LMAO, the proletariat classes revolted against the most "Socialist" government in history by voting for the wealthiest Oligarchical elitist power base that human history has seen since the Pharaohs. LOL

“Not the sharpest knife in the drawer.”

Landslide 1.2 percent

Landslide 1.2 percent????? That’s crazy.

BBC is not credible. It is a propaganda machine for climate mongers.

Enjoyed. Thanks!

Prof. Hanke is always a great guest.

It's hilarious for him to say that money supply was the only issue, it shows that he needs to get out of his office and actually run a business. I was dealing with running a manufacturing business and building real estate. My demand for manufacturing did not go up but my ability to produce went to zero. I could not get many of the small electronic components I need to do my job for years. When the supply of those components suddenly began to flow again, then you saw everyone grab every component they could. Now many of the companies I purchase from have excess inventory. Same for my real estate construction. We weren't building more but simply could not get the materials we needed in a reasonable time and price.

Nato is not a problem for Russia. They just don't recognize Ukraine as a state.

We’ve been in a recession for years. The government can’t seem to give us accurate numbers until months later. I’m not sure how anyone can trust what’s being given to us now. Ask anyone looking for work in the last two years and they’ll tell you it’s a crap show.

Facts = Spin??? This guy is nuts😢

😂😂😂

If there is a recession how will the fed resist calls for quantative easing especially if Trump has a say in its operations as he's indicated? Looking at charts(Trading Economics) comparing money supply and the inflation rate there doesn't seem to be a very close or tight correlation between the two - at least from what I have seen. I cant speak for the US, but QE and Inflation may be linked in a completely free market but many markets are not free in that way but are manipulated - eg: defacto price fixing by major grocerery chains in aus, seasonal factors with the production of foodstuffs etc etc many of the things that go into the basket of inflation rate calculation

Reaction to covid spending: never let a crisis go to waste.

And trump is going to make Rich, less rich ?!