Steve Hanke: There’s A Much Bigger Crisis Than High Inflation

Steve Hanke, Professor of Applied Economics, predicts that headline CPI inflation will return to 2% by year-end 2023, but a recession will hit by Q1 of 2024.

*This video was recorded on June 30, 2023

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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.

0:00 - Intro
0:45 - Labor market
3:40 - 2% inflation by year-end
6:40 - Recession by Q1 2024
8:20 - Social costs
14:40 - Inflation vs recession
22:00 - Ageing population
24:50 - Declining population

#economy #recession #recession

[CorTec]

Hanke is a gem, the good old guard that we are loosing unfortunately.

[jayneweaver]

LOVE Dr. Not sure what is more amusing, the look on your face or watching Dr. Hanke ignore your signal and go on with his point and not caring what you think, it is hilarious. He is going to say "it", he is completely in his own world with all that brilliant knowledge and experience, AND he's willing to share it. Just LET HIM GO! Great interview, thank you David for having Professor Hanke on. : o)

[roslyndecanio]

Prof. Hanke is a top favorite guest. Always brilliant and very informative, as well as entertaining!

[mattjenkins]

I questioned Mr. Hanke's methods when I first listened to him. He's been consistently right and one of the few people talking that actually understands economics.

[therelaxedgamer]

It's Prof. Steve Hanke, I watch. That simple!

[josephking]

Professor Hanke was at his best! Very entertaining and enlightening. Great job David....as usual.

[brainkill]

You could have Dr. Steve Hanke on every week and it’d prolly still not be enough. Thank you for sharing!

[OaseDaniel]

Hanke is my favorite guest on your show. Great interview!

[PaulbylPaulbyl]

Hanke says it like it is. David rolling his eyes over at his producers while Hanke makes some blistering points is priceless. And Hanke has been around long enough to see through all the "bs" that is going on out there. David for guests like Hanke, i.e. your older and wiser AOL generation types, and I mean that in a good way, I think your show should allot more time for the guest. Hanke tied do much together in this video without wishy washy words like some of your guests. Hanke truly is a gem!

[kemala.]

Prof. Hanke is brilliant, I wish I could go back in time and enroll to his classes :)

[MBarberfanlife]

There's also a social cost to kicking the recession can down the road. Recessions bring about future prosperity. It's painful, but so is lifting weights

[sewnsew]

90 percent of people are being crushed by the cost of living. Thank you professor for mentioning that media is not as the want Biden to be re-elected.

[amenlion]

Always quality content from Steve Hanke

[runswithtrees]

Love this man. An absolute pleasure to listen to him speak.

[MonkeyEmpires]

Thought experiments with Prof. Hanke had me crying. 🤣 My favorite guest on TDLR!

[ridzuanali]

This is a really great discussion. Thank you, David, for having Prof. Hanke on this program. Take care. Stay safe. God bless.

[terifong]

David is the best economic professor,
he knows all the aspects. The best interviewer !

[ToneGuruLA]

In the 70s the existential threat was not population decline, but population explosion. They made movies about it like Soylent Green. But alas... the world has a way of evolving regardless of mankinds predictions. PS. Love Hanke and the show.

[dwimberly]

Steve is the BEST Friday night entertainment that I could ask for 😂

[seanmerchant]

Recession is only way to bring affordability back, burning of access in money supply, debt burden, inflation in hard assets, and helping those who have done everything right in their conduct. It is high time to do things right.