Thoughtful Money with Adam Taggart Inflation Headed DOWN From Here, Despite Tariffs | Steve Hanke
Aug 22, 2025
Steve Hanke, a Professor of Applied Economics at Johns Hopkins University and co-author of "Making Money Work," discusses inflation trends and tariffs. He asserts that inflation is likely to decrease despite the economic challenges posed by tariffs. The podcast delves into the intricacies of monetary policy, arguing for a focus on money supply. Hanke also critiques current investment strategies and market conditions, emphasizing the importance of reevaluating how economic policies affect wealth distribution and financial stability.
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Stoic Roots From Rural Iowa
- Steve explains his Stoic upbringing in rural Iowa shaped his patience and approach to investing.
- He links farm life constraints to a practiced Stoicism and long-term patience.
Pandemic Money Pumped Up Asset Inequality
- Pandemic-era money printing massively boosted asset prices and concentrated wealth in asset owners.
- Billionaires' wealth rose from 14.1% to 21.7% of GDP, favoring older asset-holders.
Buying A 24-Unit Building Young
- Steve recounts working multiple jobs through school and buying a 24-unit building debt-free after graduation.
- He uses that story to stress the lasting importance of a strong balance sheet.
