FED 'Flying Blind' from Inflation to 'Baked In' Recession | Dr. Steve Hanke Ep. 74

Jul 9, 2023

59:27

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Episode 74:

On today's show I am so honored to be here with Steve Hanke, renowned monetarist economist and professor of Applied Economics at Johns Hopkins University. Professor Hanke gives is the economic reality of our economy, impact of money supply, and FED led inflation and recession. Inflation snuck up on the FED and they thought it was "transitory" when the cause is directly related to the Money Supply.

"Inflation is always and everywhere a monetary phenomenon."

- Milton Friedman

• Professor Hanke on state of US Economy from Inflation to Recession

• FED 'flying blind'

• How will they change course?

• Money Supply msotly created by commercial banks ~85%

• Monetary Squeeze fastest rate since 1930s

• Recession Q1 2024

• Quantity Theory of Money

• FED uses Post-Keynesian Economics

• Golden Growth Rate

• What would Steve do if FED chair?