Steve Hanke: It's Delusional to Think the Death of the US Dollar is Imminent
The Jay Martin Show, Released on 4/29/23
Professor of Applied Economics Steve Hanke believes that those calling for the end of U.S. dollar hegemony may have to wait a very long time, for reasons he outlines in this interview. Steve also gives his views on the war in Ukraine and what the real purpose behind it is, and his forecast for the economy a potential deep recession.
00:00 Introduction01:18 Futility of Economic Sanctions06:54 Why Are Sanctions the Default?12:15 U.S. Military Spending17:09 Real Purpose of Ukraine War19:48 Why is U.S. Not Negotiating for Peace?22:11 Trend of Dedollarization26:53 What is Backing the U.S. Dollar?29:53 Central Bank Digital Currencies34:23 CBDCs as an Economic Weapon38:54 Economic Outlook47:22 Portfolio Allocation
Steve Hanke is an American applied economist at the Johns Hopkins University in Baltimore, Maryland. He is also a senior fellow and director of the Troubled Currencies Project at the libertarian Cato Institute in Washington, DC, and co-director of the Johns Hopkins University's Institute for Applied Economics, Global Health, and the Study of Business Enterprise in Baltimore, Maryland. Hanke is known for his work as a currency reformer in emerging-market countries. He was a senior economist with President Ronald Reagan's Council of Economic Advisers from 1981 to 1982, and has served as an adviser to heads of state in countries throughout Asia, South America, Europe, and the Middle East. He is also known for his work on currency boards, dollarization, hyperinflation, water pricing and demand, benefit-cost analysis, privatization, and other topics in applied economics. Hanke has written extensively as a columnist for Forbes magazine and other publications. He is also a currency and commodity trader.
Steve Hanke: It's Delusional to Think the Death of the US Dollar is Imminent added by Herman James on 04/28/2023View all posts by Herman James ?+'