Professor Steve Hanke, expert in applied economics, accurately predicted 9% inflation using the Quantity Theory of Money. He forecasts 2.5-3% inflation by year-end and anticipates a recession. Critiques Federal Reserve policies, advocates for constitutional amendment to control government spending, and warns of the consequences of debt. Discusses the impact of fiscal illusion and tax collection on the economy.

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.