Steve Hanke, Tariffs and the Recession of 2025

In this detailed and wide ranging interview, Steven H. Hanke – renowned currency and financial policy expert and Professor of Applied Economics, Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at the Johns Hopkins University – sets the stage for why we are set up for a U.S. recession in 2025, tariffs and their effect, the trade war doom loop, the Ukraine/Russia War effects and much much, more.

Key Takeaways from this interview:
U.S. Trade War Is a Doom Loop
Tariffs will have to be modified
Uncertainty in the economy and its effects
The Ukraine Problem
U.S. and Recession
The Markets
Warren Buffett and his Apple Trade

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[managerov]

For me Steve Hanke is the biggest macro guru of our time, thank you sir for the great interview!

[jameskelly]

No such animal as free trade. What you want to protect is YOUR bottom line.

[richardsimms]

Great discussion. Great program. Thank you very much
RS. Canada

[elcuchillo]

Glad to know you Dr Hanke…. Keep calling wolfe! That’s wonderful to our nation and really only the grey beards can do it!! Preach on! We are blessed to have your understanding history and money/credit.

[stanminna]

Hanke Sentiment was High on Clinton

Mixed on Reagan

[issenvan]

When will his goldsentimentreport’s i-Phone app become available?

[atanacioluna]

The US has a low interest rate because the dollar is strong, but as it becomes unstable, interest rates will go up. Then, our debt becomes cripling.

[issenvan]

Did he short oil or long Argentina w/ appeal to the Quantity Theory of Money?

[issenvan]

How do tariffs, quotas, sanctions differ?..

[issenvan]

Historically, markets pullback BEFORE a recession begins, right?

[issenvan]

What happens to GDX during a pullback in the markets?

[backrack]

I wish these youtubers would get some new people. They just circulate these same hacks.

[dln]

Tell me professor realist- where was the US when Israel defeated five Arab armies in 1948?

[grendelloingseach]

Wtf, we have an agreement to support the Ukraine

[issenvan]

Oil up in the longer-term, though, right?

[elcuchillo]

German financial acumen of destroying their own cheap energy by blowing pipelines, closing their coal mines, no drilling for hydrocarbons & closing nuclear plants & paying dollars to Muslims to destroy their own wonderful German culture. Schista

[disastrousemouse]

The weather ≠ the climate. Stick to stuff you actually might know about

[alwayscurious]

Apparently he doesn’t shop for groceries, or pay rent, or pay energy bills

[Ines.Weissmuller]

Observing the market’s fluctuations highlights how fast things can shift. In this environment, strategic and informed trading isn’t optional—it’s essential. Caution is just as important as ambition. This commitment to ongoing learning is truly motivating. I’ve focused heavily on active trading, which offers a safer approach to navigating market volatility. Through this strategy, I’ve grown my nest egg from $87k to $246k. I’m especially thankful for Dorcia Walston’s tactics and strategies, which have been instrumental in my success...

[issenvan]

But Finland & Sweden have become NATO members, though…