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Wealthion - Be Financially Resilient
Economist Steve Hanke Warns: 'A Recession Is Baked in the Cake!'
Jan 31, 2024
James Connor of Bloor Street Capital interviews Steve Hanke, Professor of Applied Economics at Johns Hopkins University. They discuss inflation dynamics, money supply fluctuations, risks of economic recession, labor market analysis, and strategies for wealth protection. Hanke offers detailed analysis and insight to help navigate the economic landscape of the coming year. They also explore Argentina's economic troubles and the role of the central bank.
47:34
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Quick takeaways
- The contraction in the money supply, nearing unprecedented levels, indicates a looming recession.
- The Federal Reserve's reliance on lagging indicators hinders their ability to respond effectively to economic shifts.
Deep dives
The impact of the money supply on inflation and economic growth
The podcast episode discusses the research conducted by Professor Steve Henke on the relationship between the money supply, inflation, and economic growth. Henke explains that studying the money supply can help determine the future direction of the economy and asset prices. He emphasizes that the amount of money in circulation and the broad measure of the money supply, known as M2, plays a crucial role in fueling the economy. Henke also introduces the quantity theory of money, which suggests that changes in the money supply are closely related to changes in inflation and real economic activity.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode