
How Money Supply & Dollar Flight Are Fueling a Bull Market w/ Steve Hanke
Milk Road Macro
Central Banks Moving from Treasuries to Gold
Hanke describes central banks replacing U.S. Treasuries with gold amid sanctions and efforts by countries to reduce dollar exposure.
Is the Fed fighting inflation with the wrong tools? Why are global central banks hoarding gold while retail investors are still watching interest rates? In this episode, we sit down with Steve Hanke, one of the world’s top economists, to break down why the real driver of markets isn’t interest rates, it’s money supply. Hanke, who literally wrote the book on hyperinflation and dollarization, makes the case that the Fed’s obsession with rate hikes is a dangerous distraction, and that we’re already seeing the consequences: a global capital stampede into gold, USD assets, and Bitcoin.
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📚 Helpful Resources 📚
Capital, Interest, and Waiting
Controversies, Puzzles, and New Additions to Capital Theory
https://link.springer.com/book/10.1007/978-3-031-63398-0
Making Money Work: How to Rewrite the Rules of Our Financial System
https://www.amazon.com/Making-Money-Work-Rewrite-Financial/dp/1394257260
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🎙 GUEST INFO 🎙
Steve Hanke: https://x.com/steve_hanke
📃 Disclaimer 📃
The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses.