Steve Hanke: Incoming Regulations Will Actually Trigger the Next Banking Crisis

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ITM Trading, Released on 2/16/24

Professor Steve Hanke joins Daniela Cambone to discuss the current state of the economy and the potential for another banking crisis. He explains why the economy is weaker than the headlines suggest as well as how Fed policies have fueled inflation. Daniela Combone and Prof. Hanke also analyze the risks in the banking sector, the elections, funding the war in Ukraine, and the role of gold. Watch this fascinating discussion you won’t want to miss.

0:00 Expectation for the Economy
5:00 Quantity Theory of Money
7:38 Weakness in the Labor Market
11:57 Fed’s Narrative on Inflation
20:38 Health of the U.S. Banking Sector
26:05 Argentina’s Economy and Dollarization
30:2 Russian Assets for Ukraine War Aid
32:48 Assessment of the Gold Market

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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.

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