Today on The Jay Martin Show, Professor Steve Hanke critiques the Biden administration’s fiscal and monetary policies for exacerbating wealth inequality and driving public resentment. He attributes these issues to reckless fiscal expansion and Federal Reserve actions, which disproportionately benefited the wealthy. Hanke also examines global conflicts in Ukraine, the Middle East, and U.S.-China tensions, offering insights into their economic ramifications. For investors, he advises caution with risk assets, recommending gold and U.S. Treasury bonds as safer options amid market volatility.
Explore the groundbreaking insights of Steve Hanke and Leland Yeager in their latest book, *Capital, Interest, and Waiting: Controversies, Puzzles, and New Additions to Capital Theory*.
Get your copy here: https://link.springer.com/book/10.1007/978-3-031-63398-0
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0:00 - Intro
2:25 - Are Election Reactions a Paradigm Shift?
9:05 - Why Did the Rich Get Richer?
14:45 - Is Resentment Driving Political Outcomes?
20:30 - The Influence of Podcasts on Elections
25:15 - Can the Swamp Be Drained?
30:50 - Will Global Conflicts Shift Under New Leadership?
35:20 - What Happens to the U.S. in the China Standoff?
41:50 - How Should Investors Read Today’s Market?
46:25 - Why Gold and Bonds Are the Safer Bet
50:15 - Is the Dollar's Dominance at Risk?
54:00 - What’s Next in Interest Rates and Monetary Policy?
57:20 - Why Deferred Gratification Drives Prosperity
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