The David Lin Report Overpriced Markets Set To Burst: Will Layoffs Freeze The Economy? | Steve Hanke
Jun 21, 2025
Steve Hanke, a Professor of Applied Economics at Johns Hopkins University and expert in currency trading, dives into the economic fallout from U.S. foreign policies, particularly in the Middle East. He critiques the effectiveness of sanctions and questions the U.S. military strategies in the region. Hanke also predicts a potential recession due to limited money supply growth. Finally, he discusses the implications of government spending on the economy and offers insights into investment strategies amidst market uncertainties.
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U.S. Perpetual War Machine
- The U.S. military engagements have largely been unproductive and costly, benefiting the military-industrial complex more than the public.
- Steve Hanke advocates for peace and warns about the perpetual nature of these wars driven by lobby influences.
U.S. Funding Enables Conflicts
- The U.S. financially enables conflicts in Ukraine and the Middle East, making war affordable for others.
- Cutting off funding from the U.S. could quickly halt these conflicts, exposing the true cost behind wars.
Sanctions Backfire Often
- Sanctions routinely fail to achieve their aims and often strengthen targeted regimes instead of weakening them.
- Historical examples include Cuba, Venezuela, Russia, and Iran, where sanctions increased nationalism and leadership support.