Economist Steve Hanke Warns: 'A Recession Is Baked in the Cake!'
Wealthion - Be Financially Resilient
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Concerns about War Expansion and Money Supply Calculation
In this chapter, they discuss concerns about the expansion of war and how the narrative given to the public may not accurately depict the situation. The conversation then shifts to the economy, with the guest, Steve Hanke, explaining the money supply and its calculation. He emphasizes that the majority of the money supply is produced by commercial banks through loans, and the broader the measure of money, the better it reflects the amount of money available for the non-bank public to spend.
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