Great Depression 2.0 Warning: Economist Explains Ugly Side Of Tariffs | Steve Hanke

Nov 28, 2024

Steve Hanke, a Professor of Applied Economics at Johns Hopkins University, dives deep into the implications of Trump's tariffs, linking them to historical trends like the Smoot-Hawley tariffs. He explores the potential for trade collapse and rising unemployment, emphasizing tariffs’ impacts on consumers and the U.S. dollar. Hanke also shares insights on inflation dynamics, questioning if it's returning, and discusses Bitcoin's current rally, examining its speculative nature and government involvement. It's a thought-provoking analysis of today's economic challenges.

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Intro

00:00 • 2min

Tariffs and Their Historical Echoes

01:33 • 11min

Economic Consequences of Tariffs: A Comparative Analysis

12:39 • 4min

Currency Dynamics and Inflation Analysis

16:30 • 13min

Streamlining Government: Efficiency vs. Accountability

29:54 • 15min

The Impact of Government Employment on Unemployment Rates

45:23 • 2min

Bitcoin: Speculation and Government Involvement

47:10 • 13min