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Professor of Applied Economics at The Johns Hopkins University, Steve Hanke, joins the program to discuss the current economic reality facing the United States. What began as a discussion on inflation, economic policy, and the direction of the U.S. economy evolved into a much broader and at times tense debate between Sarah and Hanke — one that reflects a growing divide between academia and real-world systems thinking.While Sarah deeply respects education, research, and expertise, she challenges the limitations of highly siloed institutional models that often dismiss broader systems analysis, incentive structures, and real-world complexity. Hanke, coming from one of the world's most revered academic institutions, holds strong conviction in his own economic frameworks and appears far less open to questioning alternative models or interdisciplinary perspectives.The result is a fascinating and revealing conversation that goes beyond economics itself and touches on:institutional authority,academia versus industry,systems thinking,intellectual hierarchy,and the growing tension between credentialed expertise and broader integrated analysis in an AI-driven world.Whether viewers agree with either side or not, this conversation captures a much larger societal shift now unfolding across institutions, media, economics, and public discourse.Visit Steve Hanke's website at SteveHanke.comSign up for the Deep Dive Peptide Webinar at SarahWestall.com/Peptides - Link to the Replay will be postedSee exclusives at SarahWestall.Substack.com
Onko kansainvälisen osaajan rekrytointi pk-yritykselle liian monimutkaista – vai yllättävänkin helppoa? Yksi pöytä, monta tarinaa -podcastin neljännessä jaksossa pureudutaan ensiaskeleisiin: miten kansainvälisessä rekrytoinnissa pääsee alkuun ilman turhaa epävarmuutta ja raskaita prosesseja. Keskustelemassa ovat Ravintolamestareiden toimitusjohtaja Eeva Mertanen sekä hankepäällikkö Päivi Vestala Itä-Suomen yliopistosta. Jaksossa kuulet: • mitkä pelot ja oletukset jarruttavat pk-yrityksiä • mistä kansainvälisiä osaajia löytyy – myös Suomesta • miten rekrytoinnin voi aloittaa hallitusti ja käytännönläheisesti Konkreettisia kokemuksia ja vinkkejä yrityksille, jotka haluavat ottaa ensimmäisen askeleen kansainvälisessä rekrytoinnissa. Sarjan tuottaa Talent Hub Eastern Finland -yhteistyöverkosto, joka auttaa työnantajia tunnistamaan kansainvälisten opiskelijoiden potentiaalin ja löytämään osaavaa työvoimaa. Yhteistyöverkoston muodostavat Itä-Suomen yliopisto, Karelia, Savonia, Riveria, Sakky ja YSAO. Hanke on Euroopan unionin osarahoittama. Jakson tekstivastine: https://www.talenthubeasternfinland.fi/2026/06/17/yksi-poyta-monta-tarinaa-podcast-kansainvalisen-osaajan-rekrytointi-pk-yrityksen-ensiaskeleet/
Professor of Applied Economics at The Johns Hopkins University, Steve Hanke, joins the program to discuss the current economic reality facing the United States.What began as a discussion on inflation, economic policy, and the direction of the U.S. economy evolved into a much broader and at times tense debate between Sarah and Hanke — one that reflects a growing divide between academia and real-world systems thinking.While Sarah deeply respects education, research, and expertise, she challenges the limitations of highly siloed institutional models that often dismiss broader systems analysis, incentive structures, and real-world complexity. Hanke, coming from one of the world's most revered academic institutions, holds strong conviction in his own economic frameworks and appears far less open to questioning alternative models or interdisciplinary perspectives.The result is a fascinating and revealing conversation that goes beyond economics itself and touches on:institutional authority,academia versus industry,systems thinking,intellectual hierarchy,and the growing tension between credentialed expertise and broader integrated analysis in an AI-driven world.Whether viewers agree with either side or not, this conversation captures a much larger societal shift now unfolding across institutions, media, economics, and public discourse.Visit Steve Hanke's website at SteveHanke.comSign up for the Deep Dive Peptide Webinar at SarahWestall.com/Peptides - Link to the Replay will be posted See exclusives at SarahWestall.Substack.comLinks and Offers Mentioned in the show:Buy quality at Quince.com/BusinessGame - get free shipping and 365-day returns! Now available in Canada too!Receive up to 45% Off Native Path Collagen: Head to explorenativepath.com/Sarah,To try it risk-free with a 365-day money-back guarantee.Support this show by supporting the shows sponsors at SarahWestall.com/ShopLinks to Buy and Information for the Peptides Mentioned in the Show:Protect your assets with a company you can trust - Get the private & better price list - Go to https://SarahWestall.com/MilesFranklinMUST Sign up as a VIP to see certain peptides like Retatrutide at limitlesslifenootropics.com/vip-club-registration/?uid=116&oid=1&affid=10134 Buy Anti Aging Peptide GHK-Cu: - Capsule form: https://www.limitlesslifenootropics.com/product/ghk-cu-capsules-2mg/?ref=vbWRE3J - Injectable: https://www.limitlesslifenootropics.com/product/ghk-cu/?ref=vbWRE3J - Nasal Spray:https://www.limitlesslifenootropics.com/product/ghk-cu-spray/?ref=vbWRE3JMUSIC CREDITS: Down to the Wire – Nonstop Producer Series: Broad Media Internet LicenseCopyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.Disclaimer: "As a journalist, I report what significant newsmakers are claiming. I do not have the resources or time to fully investigate all claims. Stories and people interviewed are selected based on relevance, listener requests, and by suggestions of those I highly respect. It is the responsibility of each viewer to evaluate the facts presented and then research each story furtherSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Mitä työyhteisössä oikeasti tapahtuu, kun mukaan tulee kansainvälinen työntekijä? Yksi pöytä, monta tarinaa -podcastin kolmannessa jaksossa siirrytään rekrytoinnista arkeen. Miten muutos näkyy työyhteisössä, mitä se vaatii esihenkilöltä – ja mitä koko tiimi oppii matkan varrella? Keskustelemassa ovat Siun soten osaamisen kehittämisen asiantuntija Tarja Munne sekä jatkuvan oppimisen asiantuntija Virpi Moilanen Itä-Suomen yliopistosta. Jaksossa kuulet: • millaisia odotuksia ja epävarmuuksia muutos herättää • miten monikulttuurisuus näkyy arjen tilanteissa • miten työyhteisöä ja oppimista johdetaan onnistuneesti Rehellistä puhetta arjen tilanteista, oivalluksista ja käytännön keinoista työyhteisön kehittämiseen. Sarjan tuottaa Talent Hub Eastern Finland -yhteistyöverkosto, joka auttaa työnantajia tunnistamaan kansainvälisten opiskelijoiden potentiaalin ja löytämään osaavaa työvoimaa. Yhteistyöverkoston muodostavat Itä-Suomen yliopisto, Karelia, Savonia, Riveria, Sakky ja YSAO. Hanke on Euroopan unionin osarahoittama. Podcastin tekstivastine: https://www.talenthubeasternfinland.fi/2026/06/09/yksi-poyta-monta-tarinaa-podcast-tyoyhteison-muutos-kuinka-monikulttuurisuus-nakyy-arjessa/
Hanke, Katja www.deutschlandfunkkultur.de, Zeitfragen
Ačkoliv fotoaparáty držel v ruce už od mala, seriózně se focení začal věnovat až ve 30 letech. Po gymnáziu chtěl na přírodovědeckou fakultu, kam se ale kvůli příliš velkému počtu uchazečů nedostal. A bavila ho hudba, která ho nakonec vyšvihla do světa focení. „Jako písničkář jsem byl pozván od tvůrčí skupiny Ateliér 74, abych svými písničkami zahájil jejich vernisáž na kladenském zámku,“ vzpomíná v pátečních Hovorech Českého rozhlasu Plus fotograf Jiří Hanke.Všechny díly podcastu Hovory můžete pohodlně poslouchat v mobilní aplikaci mujRozhlas pro Android a iOS nebo na webu mujRozhlas.cz.
Ihmisen tekemää kokoaa yhteen suomalaisia teknologian, tieteen, kulttuurin, median ja yhteiskunnan vaikuttajia ajattelemaan yhdessä. Hanke pohtii ihmisen merkitystä tekoälyn aikakaudella.Tuottaja Sanna Grav avasi Ihmisen tekemää -hanketta Puolen Suomen iltapäivässä.
Valuvatko kansainväliset osaajat aina suuriin kaupunkeihin – vai voiko tie johtaa myös Itä-Suomen pienemmille paikkakunnille? Yksi pöytä, monta tarinaa -podcastin toisessa jaksossa tarkastellaan alueellista vetovoimaa ja arjen sopeutumista työnantajan näkökulmasta. Mikä saa osaajan sanomaan “kyllä” pienelle paikkakunnalle – ja mitä tapahtuu muuton jälkeen? Keskustelemassa ovat Antti Siponen People & Safety -tiimistä Ponsselta sekä Talent Hub Eastern Finland -hankkeen projektipäällikkö Mirja Iskanius YSAOlta. Jaksossa kuulet: • mitkä oletukset pienistä paikkakunnista pitävät – ja mitkä eivät • mikä oikeasti houkuttelee kansainvälisiä osaajia Itä-Suomeen • miten työnantaja voi tukea sopeutumista arjessa Rehellisiä kokemuksia ja käytännön oivalluksia työnantajille, jotka pohtivat kansainvälisen osaamisen mahdollisuuksia myös kasvukeskusten ulkopuolella. Sarjan tuottaa Talent Hub Eastern Finland -yhteistyöverkosto, joka auttaa työnantajia tunnistamaan kansainvälisten opiskelijoiden potentiaalin ja löytämään osaavaa työvoimaa. Yhteistyöverkoston muodostavat Itä-Suomen yliopisto, Karelia, Savonia, Riveria, Sakky ja YSAO. Hanke on Euroopan unionin osarahoittama.
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Hanke, Katja www.deutschlandfunkkultur.de, Zeitfragen
Tarvitaanko täydellistä suomen kielen taitoa jo työuran alussa vai riittääkö muu osaaminen? Yksi pöytä, monta tarinaa -podcastin avausjaksossa pureudutaan kielitaitoon työnantajan näkökulmasta. Missä tilanteissa suomi on välttämätöntä ja milloin siitä voi joustaa? Keskustelemassa ovat henkilöstöjohtaja Riitta-Elina Räty ja henkilöstöasiantuntija Mari Räty Ouneva Groupilta sekä jatkuvan oppimisen asiantuntija Virpi Moilanen Itä-Suomen yliopistosta. Jaksossa kuulet: • mitä kielitaitovaatimuksissa usein yliarvioidaan • miten arki toimii ilman täydellistä suomea • miten kielitaitoa kehitetään työn ohessa Tämä jakso tarjoaa rehellisiä kokemuksia, oivalluksia ja konkreettisia vinkkejä erityisesti Itä-Suomen työnantajille, jotka pohtivat kansainvälistä rekrytointia. Kuuntele ja saatat huomata, että täydellisen kielitaidon odottaminen ei olekaan ainoa – eikä aina paras – vaihtoehto. Sarjan tuottaa Talent Hub Eastern Finland -yhteistyöverkosto, joka auttaa työnantajia tunnistamaan kansainvälisten opiskelijoiden potentiaalin ja löytämään osaavaa työvoimaa. Yhteistyöverkoston muodostavat Itä-Suomen yliopisto, Karelia, Savonia, Riveria, Sakky ja YSAO. Hanke on Euroopan unionin osarahoittama. Jakson tekstivastine: https://www.talenthubeasternfinland.fi/2026/05/29/yksi-poyta-monta-tarinaa-podcast-kielitaito-tyouran-alussa-tarvitaanko-taydellista-suomea/
Sometime in Ramesses II's reign, royal artisans dismantled the city of Akhet-Aten (Amarna). Carefully, methodically, they removed the talatat blocks and carted them away to the nearby town Hemenu (Hermopolis) for reuse in a temple. This demolition of the Horizon of Aten remains a matter of debate among scholars: why now, and what motivated it? Meanwhile, Ramesses II has a problem. His sons keep dying. Between regnal years 25--55, at least twelve princes "passed to the west." We meet the designated heirs (and the spares), and see who finally got the top job... The funerary mask (of Khaemwaset?) in the Louvre and Wikimedia. Extended version available at www.patreon.com/egyptpodcast Music: Keith Zizza and Luke Chaos. Select References Brand, P. J. (2023). Ramesses II: Egypt's Ultimate Pharaoh. Fisher, M. M. (2001). The Sons of Ramesses II (Vols. 1–2). Hanke, R. (1978). Amarna-Reliefs aus Hermopolis: Neue Veröffentlichungen und Studien. Iskander, S. (2002). The Reign of Merneptah [Unpublished PhD. Thesis]. Kemp, B. J. (2013). The City of Akhenaten and Nefertiti: Amarna and Its People. Kitchen, K. A. (1975). Ramesside Inscriptions Historical and Biographical (Vol. 2). Kitchen, K. A. (1993a). Ramesside Inscriptions Translated and Annotated: Notes and Comments (Vol. 2). Kitchen, K. A. (1993b). Ramesside Inscriptions Translated and Annotated: Translations (Vol. 2). Reeves, N. (2019). Akhenaten: Egypt's False Prophet (2nd edn). Roeder, G. (1959). Hermopolis 1929-1939. Servajean, F. (2014). Mérenptah et la fin de la XIXe dynastie. . Sourouzian, H. (1989). Les Monuments du roi Merenptah. Learn more about your ad choices. Visit megaphone.fm/adchoices
Burkhard Hanke ist Leadership-Experte, Executive Coach, Autor und Sparringspartner für Unternehmer, Führungskräfte und Entscheider, die Leistung, Menschlichkeit und wirtschaftlichen Erfolg wirksam miteinander verbinden wollen. Seit über 30 Jahren begleitet er Menschen und Organisationen in anspruchsvollen Veränderungsprozessen – national wie international.Im Founder Talk spricht Burkhard Hanke über moderne Führung in einer Zeit, die geprägt ist von Fachkräftemangel, Unsicherheit, wachsendem Veränderungsdruck und steigenden Erwartungen an Unternehmen. Viele klassische Führungsmodelle stoßen heute an ihre Grenzen. Gefragt sind Persönlichkeiten, die Klarheit schaffen, Verantwortung übernehmen, Orientierung geben und gleichzeitig Menschen erreichen.Mit seinem klaren Ansatz „KNALLHART empathisch“ zeigt Burkhard Hanke, dass Empathie kein weicher Wohlfühlfaktor ist, sondern ein harter wirtschaftlicher Erfolgsfaktor. Wer Menschen versteht, gewinnt Vertrauen. Wer Vertrauen schafft, erhöht Motivation, Bindung, Innovationskraft und Leistungsbereitschaft im Unternehmen. Führung mit Herz und Hirn ist deshalb kein Gegensatz, sondern die entscheidende Kompetenz der Zukunft.In seinem gleichnamigen Buch „KNALLHART empathisch – Führen mit Herz und Hirn“ verbindet er praxisnahe Führungserfahrung mit sofort umsetzbaren Strategien für den Führungsalltag. Es geht um klare Kommunikation, konsequente Entscheidungen, emotionale Intelligenz, Konfliktfähigkeit, Resilienz und eine Unternehmenskultur, in der Menschen Verantwortung übernehmen wollen.Burkhard Hanke arbeitet mit mittelständischen Unternehmen, Konzernen und Führungspersönlichkeiten, die mehr erreichen wollen: bessere Zusammenarbeit, stärkere Teams, gesündere Leistungskultur und nachhaltigen Unternehmenserfolg. Seine Arbeit verbindet strategisches Denken mit menschlicher Wirksamkeit.Im Interview beim Founder Summit erklärt er, warum viele Unternehmen nicht an fehlenden Strategien scheitern, sondern an schwacher Führung, mangelnder Kommunikation und fehlender Verbindung zwischen Menschen. Gleichzeitig zeigt er Wege auf, wie Unternehmen wieder mehr Energie, Verbindlichkeit und Leistungsfreude entwickeln können.Seine Botschaft ist klar: Erfolgreiche Unternehmen entstehen dort, wo Menschen wachsen können. Starke Führung bedeutet heute nicht Härte oder Kontrolle, sondern Klarheit, Haltung, Konsequenz und echte Verbindung.Themen des Interviews: Leadership, moderne Führung, Unternehmenskultur, Mitarbeiterbindung, Change Management, emotionale Intelligenz, Executive Coaching, Mittelstand, Führungskräfteentwicklung, Motivation, Erfolg durch Menschen. Hosted on Acast. See acast.com/privacy for more information.
Get a free review with Wealthion's trusted financial advisors at https://bit.ly/4eZ6nkvProfessor Steve Hanke joins Wealthion to break down the high-stakes Trump–Xi summit, China's growing leverage over critical minerals, and why investors may be underestimating the next inflation shock. Hanke warns that Beijing's dominance in key metals and minerals gives China a powerful hand in negotiations — and could leave the U.S. vulnerable at a critical moment for markets, supply chains, and national security. He also explains why inflation risks may be building again, what the Fed may be getting wrong, and how investors should think about protecting their portfolios in a world of rising geopolitical and monetary instability. Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices
Schulen wie Berlins ältestes Gymnasium setzen auf das humanistische Bildungsideal. Kinder lesen griechische Mythen und Jugendliche Platons philosophische Texte im Original. Warum stehen Schülerinnen, Schüler, Eltern und Lehrkräfte hinter dem Konzept? Hanke, Katja www.deutschlandfunkkultur.de, Zeitfragen. Feature
Innovationsminister Peter Hanke spricht im brutkasten-Talk mit Herausgeber Dejan Jovicevic über die Bedeutung von Forschung und Technologie für den Standort Österreich und die über 100 Maßnahmen der "Industriestrategie 2035". Um die Wettbewerbsfähigkeit der heimischen Wirtschaft zu sichern, stellt das Ministerium in den kommenden Jahren eine Milliarde Euro für die angewandte Forschung zur Verfügung, die als Hebel für weitere Investitionen wirken sollen. Der Fokus liegt dabei auf insgesamt neun definierten Schlüsseltechnologien, darunter Künstliche Intelligenz (KI) und Quantentechnologie.Ein weiteres zentrales Anliegen ist der schnellere Transfer von Forschungsergebnissen in marktfähige Produkte. Hanke betont, dass die Entwicklung von Spinoffs und Startups aus Universitäten heraus durch gezielte Förderungen und etwa auch durch den von der Regierung geplanten Dachfonds stärker unterstützt werden muss. Zudem verweist er auf eine branchenübergreifende Initiative heimischer Infrastrukturunternehmen wie ÖBB, Asfinag, Flughafen Wien und Wiener Stadtwerke, um gemeinsam Innovationskraft zu bündeln. Angesichts immer kürzerer Produktzyklen sei Innovation für Unternehmen längst keine Kür mehr, sondern absolute Pflicht.
“When the future looks unstable, whether it's oil or geopolitics, you accelerate production today and protect wealth. That is why gold keeps winning.” Steve Hanke connects the dots between the UAE's OPEC exit, rising Middle East instability, and why both oil producers and investors are rushing, one to pump faster, the other into gold.
Steve H. Hanke is a Professor of Applied Economics and Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at Johns Hopkins University in the Whiting School of Engineering. He is also the author and co-author of several books on economics. His latest title is called Making Money Work: How to Rewrite the Rules of Our Financial System. Greg and Steve discuss why macroeconomics sidelines banks and money creation. Steve argues macro should rest on the Quantity Theory of Money and Capital Theory, including “waiting” as a factor of production with interest as its price, and criticizes the profession for abandoning these foundations. He contrasts GDP with gross output and links Fisher's MV=PT to intermediate transactions, then explains why commercial banks create money via lending while investment banks intermediate savings, and why regulation (capital and reserves) matters more than the federal funds rate. Steve critiques universal banking for siphoning capacity from deposit-taking lending, faults the Fed for ignoring broad money measures, discusses Divisia aggregates and Volcker-era measurement errors, and applies quantity theory to post-COVID inflation. Hanke also summarizes his meta-analysis finding that lockdowns saved few lives, describes censorship and publication hurdles, reflects on theory-empirics and the disappearance of the history of thought, and recounts policy, currency board, and trading experiences. *unSILOed Podcast is produced by University FM.* Episode Quotes: On the failure to distinguish between market intermediation and bank intermediation 19:30: Most people think that banks intermediate savings, and that's not really what banks do. Investment banks do that, and other financial institutions do that. But if you have a pool of savings, that goes through investment banking and not commercial deposit-taking banking...[19:59] Let's make it very simple—the savings end up at investment banks, and they go into bankable projects. The savings are intermediated; that's how it goes. It doesn't go through a commercial bank, basically. So what do commercial banks do? They fund bankable projects, but they do it by creating money out of thin air. The beauty of the fractional reserve banking system is just that. The two key legs macroeconomics stands on 08:09: It's capital theory and the quantity theory of money. Those are the two key legs that macroeconomics stands on. And those two legs, by the way, they basically aren't taught in economics today. For the last 30 years, the economics profession has basically spent full time destroying macroeconomics, in my view. The quantity theory of money, in simple terms 31:29: The quantity theory of money, in simple terms, is you change the quantity theory of money significantly, and with a lag asset prices will change. And then, with a little longer lag, real economic activity will change. And then, with a longer lag of maybe 12 to 24 months, inflation will change. Show Links: Recommended Resources: Macroeconomics Quantity theory of money Capital (economics) Federal Reserve Friedrich Hayek John Maynard Keynes Leland B. Yeager John Hicks Mark Skousen Irving Fisher Federal funds rate Milton Friedman Paul Volcker Jonas Herby Google Scholar Page Spanish flu Kenneth Boulding Currency board Geoeconomics Jay Bhattacharya - Lockdowns and Lessons: The Pandemic Retrospective | UnSILOed Ep 427 Guest Profile: Faculty Profile at Johns Hopkins Whiting School of Engineering LinkedIn Profile Wikipedia Profile Profile for the Mises Institute Social Profile on X Guest Work: Amazon Author Page Making Money Work: How to Rewrite the Rules of Our Financial System Capital, Interest, and Waiting: Controversies, Puzzles, and New Additions to Capital Theory Russian Currency and Finance: A Currency Board Approach to Reform Currency Boards for Developing Countries: A Handbook Monetary reform for a free Estonia: A currency board solution Fortune Articles Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Stijn Schmitz welcomes Steve Hanke, Professor of Applied Economics at Johns Hopkins University, to discuss global economic trends, monetary policy, and the emerging commodity super cycle. The professor’s outlook suggests a complex economic landscape with potential for significant disruption, driven by monetary policy, geopolitical tensions, and structural changes in global trade and commodity markets. Hanke emphasizes the critical importance of money supply as a key indicator of economic activity and inflation, noting that the United States is currently experiencing an accelerating money supply that will make controlling inflation challenging. The discussion highlights several significant global economic dynamics, particularly focusing on commodity markets and geopolitical tensions. Hanke argues that the world is entering a commodity super cycle characterized by underinvestment, supply chain disruptions, and precautionary inventory building. The ongoing conflict in the Gulf region and disruptions to global trade have further complicated commodity markets, with potential oil prices ranging from $100 to $350 per barrel depending on supply constraints. Geopolitically, Hanke suggests that Russia and China are emerging as significant winners in this environment, while the United States has potentially weakened its global position through its actions. He dismisses concerns about de-dollarization, arguing that the US dollar remains the dominant global currency with limited realistic alternatives. On inflation, Hanke predicts continued upward pressure due to monetary policy loosening, commercial bank lending growth, and federal reserve actions. He emphasizes that inflation is fundamentally a monetary phenomenon, driven by increases in money supply rather than isolated economic events. Regarding commodities, Hanke identifies several sectors poised for growth, including critical materials like lithium and vanadium. He recommends investors be “long everything” in the commodity space, noting significant price increases in various exotic commodities. Timestamps: 00:00:00 – Introduction 00:00:52 – Key Economic Metrics 00:02:00 – US Money Supply Acceleration 00:03:58 – China’s Inflation Challenges 00:04:56 – Commodity Supply Disruptions 00:05:30 – US Tariffs and Sanctions 00:07:13 – Iran War and Strait Closure 00:11:55 – Iranian Economy 00:12:45 – Oil Price Scenarios 00:13:10 – Commodity Super Cycle Thesis 00:17:00 – Oil Supply Impacts 00:20:44 – Market Complacency on Risks 00:24:06 – Winners and Losers Analysis 00:25:12 – China’s Economy 00:27:55 – De-Dollarization Myths 00:30:36 – Gold’s Geopolitical Role 00:33:15 – Supply Shocks & Infrastructure 00:37:20 – Inflation and Money Supply 00:41:40 – Treasury Demand & Inflation 00:46:40 – Bank Lending & Money Supply 00:48:28 – Commodity Picks & Wrap Up Guest Links: X: https://x.com/steve_hanke Website: https://thegoldsentimentreport.com Amazon Book: https://www.amazon.com/Making-Money-Work-Rewrite-Financial/dp/1394257260 Amazon Book: https://www.amazon.com/Capital-Interest-Waiting-Controversies-Additions/dp/3031633970 E-Mail: mailto:hanke@jhu.edu Steve H. Hanke is a Professor of Applied Economics and Founder & Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C., a Senior Advisor at the Renmin University of China's International Monetary Research Institute in Beijing, a Special Counselor to the Center for Financial Stability in New York, a contributing editor at Central Banking in London, and a regular contributor to the Wall Street Journal's Opinion pages. Prof. Hanke is also a member of the Charter Council of the Society of Economic Measurement and of Euromoney Country Risk's Experts Panel. In the past, Prof. Hanke taught economics at the Colorado School of Mines and at the University of California, Berkeley. He served as a Member of the Governor's Council of Economic Advisors in Maryland in 1976-77, as a Senior Economist on President Reagan's Council of Economic Advisors in 1981-82, and as a Senior Advisor to the Joint Economic Committee of the U.S. Congress in 1984-88. Prof. Hanke served as a State Counselor to both the Republic of Lithuania in 1994-96 and the Republic of Montenegro in 1999-2003. He was also an Advisor to the Presidents of Bulgaria in 1997- 2002, Venezuela in 1995-96, and Indonesia in 1998. He played an important role in establishing new currency regimes in Argentina, Estonia, Bulgaria, Bosnia-Herzegovina, Ecuador, Lithuania, and Montenegro. Prof. Hanke has also held senior appointments in the governments of many other countries, including Albania, Kazakhstan, the United Arab Emirates, and Yugoslavia. Prof. Hanke has been awarded honorary doctorate degrees by the Bulgarian Academy of Sciences, the Universität Liechtenstein, the Universidad San Francisco de Quito, the Free University of Tbilisi, Istanbul Kültür University, Varna Free University, and the D.A. Tsenov Academy of Economics in recognition of his scholarship on exchange-rate regimes. Prof. Hanke and his wife, Liliane, reside in Baltimore and Paris.
Zu viele Tools, unklare Prozesse und das Gefühl, dass alles irgendwie komplizierter ist als nötig – genau das bremst viele Selbstständige und Unternehmer in ihrem Online Business aus. In dieser Folge spricht Technik-Mentor Thomas Hanke darüber, warum nicht fehlende Tools das Problem sind, sondern ein falsches Verständnis von Technik. Thomas Hanke unterstützt seit Jahren Selbstständige, Coaches und Unternehmer dabei, ihre Technik zu verstehen und gezielt einzusetzen. Sein Fokus: einfache, funktionierende Systeme statt komplexer Tool-Landschaften – damit Technik nicht blockiert, sondern den Geschäftserfolg unterstützt. Du erfährst, weshalb immer mehr Programme Deine Prozesse oft nur verkomplizieren, wie ein klares Setup Deine Sichtbarkeit und Deinen Umsatz direkt beeinflusst und warum Du Deine Technik nicht komplett auslagern solltest. Diese Folge ist für Dich, wenn Du Dein Online Business effizienter, klarer und profitabler aufstellen willst.
Kriegsspiele der neuesten GenerationWestliche Spionagenetzwerke in VideospielenEin Standpunkt von Peter Frey.Seit Jahrzehnten werden Videospiele als reine Unterhaltung abgetan — als Zeitvertreib für Jugendliche, der auf Realitätsflucht beruht, aber auf einer milliardenschweren Industrie basiert. Hinter farbenfrohen Grafiken und fesselndem Gameplay verbirgt sich eine weitaus komplexere Realität. Dieselben Spiele, die heute Millionen westlicher Haushalte beschäftigen, sind zum integralen Bestandteil eines ausgeklügelten Nachrichtendienstapparats geworden.Was als Investition der Central Intelligence Agency (CIA), (des US-amerikanischen Auslandsgeheimdienstes), zur Jahrtausendwende begann, hat sich zu einem weitverzweigten System entwickelt, das gewöhnliche Spieler in unwissende Datensammler verwandelt, militärische Ressourcen über Spiele-Gemeinschaften rekrutiert und die Art und Weise, wie Soldaten den Kampf wahrnehmen, grundlegend verändert (a1).Die langfristige Strategie der CIADie Geschichte beginnt im Jahr 1999, als die Central Intelligence Agency (CIA) In-Q-Tel gründete, (ein Investmentunternehmen mit) Risikokapitalfonds, die einem bestimmten Zweck dienten: zivile Technologien zu identifizieren und in solche zu investieren, die für nachrichtendienstliche Operationen umfunktioniert werden könnten. Dies war keine geheime Initiative. In-Q-Tel wurde mit dem ausdrücklichen Auftrag gegründet, die Lücke zwischen den Innovationen des Silicon Valley und den operativen Anforderungen in Langley zu schließen.Im Jahre 2001 investierte In-Q-Tel Startkapital in Keyhole, einem kleinem Unternehmen, das von dem an der Stanford University ausgebildeten Ingenieur John Hanke gegründet worden war. Keyhole entwickelte eine Technologie, die im Nachhinein betrachtet selbstverständlich erscheint: einen interaktiven Globus aus Satellitenbildern, der es den Nutzern ermöglichte, das Gelände aus jedem beliebigen Blickwinkel zu betrachten.Für die CIA, die sich 2003 auf die Invasion des Irak vorbereitete, war diese Technologie damals jedoch revolutionär. Während Satellitenbilder nur Aufnahmen aus der Vogelperspektive lieferten, bot Keyhole etwas weitaus Wertvolleres: die Möglichkeit, Gebäude aus der Bodenperspektive zu analysieren, Zugangspunkte und Fluchtwege zu erkennen und städtisches Gelände dreidimensional abzubilden. Die Technologie wurde umgehend für die Einsatzplanung in Bagdad eingesetzt.Als Google im Jahr 2004 Keyhole übernahm, wurde dessen Technologie zu Google Earth. Hanke blieb bei Google und wurde mit einem noch ehrgeizigeren Projekt betraut: Google Street View. Ab 2007 durchquerte eine Flotte von Fahrzeugen, die mit 360-Grad-Kameras ausgestattet waren, 60 Länder und fotografierte Straßen, Stadtviertel und ganze Städte.Was die Öffentlichkeit bis 2010 nicht wusste, war, dass diese Fahrzeuge weit mehr taten, als nur Fotos zu machen. Sie sammelten heimlich WLAN-Datenpakete – darunter Passwörter, E-Mails, Krankenakten und den Inhalt von Webseiten – aus ungesicherten Netzwerken in Millionen von Haushalten und Unternehmen in Europa, Nordamerika und darüber hinaus....https://apolut.net/spielen-oder-gespielt-werden-von-peter-frey/ Hosted on Acast. See acast.com/privacy for more information.
Charlie gehörte in dieser Saison ligaweit zu den Top 10 der U23-Stürmer, was die Eiszeit angeht. Heute erzählt er uns im Podcast, was er dafür alles tun musste. Spoiler: ALLES!
Paul Rogers joins us for the last time this college sports calendar year & we introduce our new intern, Will Hanke. Will is a member of the basketball team and gives us some inside scoop to the season that was and the offseason for the program!See omnystudio.com/listener for privacy information.
"Effektivität im Finanzbereich heißt, flexibel aufaktuelle Anlässe zu reagieren."Das Gespräch mit Alexander Hanke markiert für mich eine echte Meilensteinfolge. Kirchliche Finanzen wirken von außen oft wie eine ‚Blackbox‘ – umso beeindruckender war der tiefe Einblick in eine Organisation, die sich nicht an klassischer Rendite, sondern an einem umfassenden Versorgungsauftrag orientiert. Es zeigt eindrucksvoll, wie professionelle Steuerung auch jenseits von Profitmaximierung funktioniert. Was ist vergleichbar mit der Wirtschaft?CFO-Rolle: Der Diözesanökonom agiert als strategischer Finanzchef mit klarem Steuerungsauftrag.Struktur: Die Diözesanstrategie definiert die Leitplanken für operative und strategische Maßnahmen.Steuerung: Die Mittelallokation folgt konsequent der Strategie.Planung & Controlling: Diese erfolgt treiberorientiert (z. B. Mitgliederentwicklung) und über die Budgeteinhaltung der geplanten Kostenstellen.Treasury: Cash Pool Steuerung für die Gemeinden mit entsprechender Verzinsung.Asset Management: Verwaltung von Darlehens- und Pensionsfonds durch spezialisierte, eigene Rechtsträger.Governance: Auditierte Jahresabschlüsse nach HGB; IKS, Compliance und Risikomanagement auf professionellem Standard.Business Partnering: Die enge Zusammenarbeit mit dem operativen Bereich (Generalvikar als COO) ist erfolgsentscheidend. Wo die Besonderheiten liegen: Während die Privatwirtschaft auf Profitabilität optimiert, steuert die Kirche auf die„schwarze Null“ und den Erhalt des kirchlichen Lebens. Da die Einnahmeseite kaum aktiv beeinflussbar ist, liegt der Fokus auf einer effizienten Mittelallokation der Ausgabenseite.Einzigartig ist das Operieren in zwei Rechtskreisen: dem kirchenrechtlichen Rechtskreis der Weltkirche und dem staatsrechtlichen Rechtskreis mit seinen entsprechenden Gremien. Entscheidungsprozesse sind hierweniger top-down, sondern tief in Gremien verwurzelt – ein hochprofessionelles Treuhänder-Modell mit konsequenten Checks & Balances.Vielen Dank für diesen Einblick, Herr Hanke! Beeindruckend, wie viel Veränderung und Professionalisierung in gewachsenen Strukturen möglich ist.
Will Hanke has two passions: supporting our US veterans and helping window treatment and awning businesses tell their story online – providing them with increased exposure, more customers, and higher revenues. For over twenty-seven years he has helped mom & pops, startups, and multi-million dollar companies with their digital marketing strategies. Will hosts monthly online training events and has spoken at conferences across the US on a wide variety of topics from analytics to lead generation through his company, Window Treatment Marketing Pros. Will teaches and helps these business owners learn more about SEO and make better decisions with their marketing dollars. He hosts Marketing Panes, a podcast dedicated to window treatment and awning business marketing. He also has a free private Facebook group called Window Treatment & Awning Marketing Secrets. He is an avid business & marketing blogger and has published several industry books including Triple Your Window Treatment and Awning Leads and 10 Quick Wins: Winning Fast Online for Window Treatment Companies. Links https://wtmarketingpros.com https://www.youtube.com/@wtmarketingpros https://wtmarketingpros.com/podcast/ Contact Information Email: will@wtmarketingpros.com Business Address: 152 Hinrichs Lane, Arnold MO 63010 Links and Resources; Can't Hurt Me by David Goggins Never Split the Difference: Negotiating As If Your Life Depended On by Chris Voss Traction by Gino Wickman Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant by W. Chan Kim and Renee Mauborgne The Sew Much More Podcast is sponsored by; Klimaka Studios The Workroom Channel Scarlet Thread Consulting The WCAA The Curtains and Soft Furnishings Resource Library National Upholstery Association Workroom Tech
Hanke, Katja www.deutschlandfunk.de, Campus & Karriere
Hanke, Katja www.deutschlandfunk.de, @mediasres
Interview recorded - 12th of January, 2026On this episode of the WTFinance podcast I had the pleasure of welcoming back Professor Steve Hanke. Steve is a renowned economist, the Professor of Applied Economics and Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University who has authored many books.0:00 - Introduction1:22 - FED BoJ scenario9:35 - Inflation rising11:14 - 2025 in review14:13 - Equities in 202616:59 - Bonds & the dollar19:31 - Problems with inflation20:24 - Venezuela24:14 - Any other trends for 2026?26:15 - One message to take away?Steve H. Hanke is a Senior Fellow, Contributing Editor of The Independent Review, and a Member of the Board of Advisors at the Independent Institute. He is a Professor of Applied Economics and Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is also a Senior Adviser at the Renmin University of China's International Monetary Research Institute in Beijing, and a Special Counselor to the Center for Financial Stability in New York. Hanke is also a Contributing Editor at Central Banking in London and a Contributor at National Review. In addition, Hanke is a member of the Charter Council of the Society for Economic Measurement and a Distinguished Associate of the International Atlantic Economic Society. He is ranked as the world's third-most influential economics influencer by FocusEconomics in Barcelona, Spain.Steve Hanke: Book - https://link.springer.com/book/10.1007/978-3-031-63398-0X - https://x.com/steve_hankeBio - https://www.independent.org/aboutus/person_detail.asp?id=516WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas
Klinisch Relevant ist Dein Wissenspartner für das Gesundheitswesen. Drei mal pro Woche, nämlich dienstags, donnerstags und samstags, versorgen wir Dich mit unserem Podcast und liefern Dir Fachwissen für Deine klinische Praxis. Weitere Infos findest Du unter https://klinisch-relevant.de
For more information about this group, please visit their website at reformationboise.com. Every weekday at 3:30 am and 7:30 am you can listen to The Gospel for Life on KSPD 94.5 FM and 790 AM Boise's Solid Talk in the Treasure Valley, Idaho, USA. If you have a question, comment, or even a topic suggestion for the Pastors, you can email them. Phone: (208) 991-3526E-mail: thegospelforlifeidaho@gmail.comPodcast website: https://www.790kspd.com/gospel-for-life/
For more information about this group, please visit their website at reformationboise.com. Every weekday at 3:30 am and 7:30 am you can listen to The Gospel for Life on KSPD 94.5 FM and 790 AM Boise's Solid Talk in the Treasure Valley, Idaho, USA. If you have a question, comment, or even a topic suggestion for the Pastors, you can email them. Phone: (208) 991-3526E-mail: thegospelforlifeidaho@gmail.comPodcast website: https://www.790kspd.com/gospel-for-life/
For more information about this group, please visit their website at reformationboise.com. Every weekday at 3:30 am and 7:30 am you can listen to The Gospel for Life on KSPD 94.5 FM and 790 AM Boise's Solid Talk in the Treasure Valley, Idaho, USA. If you have a question, comment, or even a topic suggestion for the Pastors, you can email them. Phone: (208) 991-3526E-mail: thegospelforlifeidaho@gmail.comPodcast website: https://www.790kspd.com/gospel-for-life/
Klinisch Relevant ist Dein Wissenspartner für das Gesundheitswesen. Drei mal pro Woche, nämlich dienstags, donnerstags und samstags, versorgen wir Dich mit unserem Podcast und liefern Dir Fachwissen für Deine klinische Praxis. Weitere Infos findest Du unter https://klinisch-relevant.de
Miten suomen päämaja toimi organisaationa sotiemme aikana ja miten se vaikutti suomen sotatoimiin? Entä miten päämajan toiminnassa vaikuttivat sen työntekijöiden henkilökohtaiset suhteet? Näistä kaikista puhutaan Päämajamuseon johtajan Matti Karttusen kanssa.Tämä jakso on tuotettu osana Päämaja -hanketta. Hanke on Euroopan unionin osarahoittama. Tuen on myöntänyt Etelä-Savon maakuntaliitto.
Tiesitkö että Mannerheim oli suuri viilin ystävä? Entä mikä on Marskin ryypyn historia? Kaikki tämä selviää tässä jaksossa. Tämä jakso on tuotettu osana Päämaja -hanketta. Hanke on Euroopan unionin osarahoittama. Tuen on myöntänyt Etelä-Savon maakuntaliitto.
PC Big Man great Randall Hanke stops by to discuss why URI is still little brother in Rhode Island College Basketball, how PC is improving offensively and defensively and what the Friars need to do to kick-off Big East play in the win column
Sotiemme aikana päämaja haajsoijoitettiin Mikkelin ympäristöön kartanoihin, jotka toimivat sodanjohdon työpaikkana ja kotina. Nämä kartanot tarjoava yhä tänäkin päivänä upean sotahistoriallisen vierailukohteen, joissa voi mm. majoittua kenraali Nenosen esikunnassa tai nauttia oiva ateria päämajan taloushuollon entisissä tiloissa. Tämä jakso on tuotettu osana Päämaja -hanketta. Hanke on Euroopan unionin osarahoittama. Tuen on myöntänyt Etelä-Savon maakuntaliitto.
Tässä jaksossa käydään läpi Mikkelin alueen yllättävän rikasta ja vaiheikaista sotilashistoriaa, miksi siitä tuli kansallisen puollustuksen solmukohta ja tarinoita alueen sotilaista maamme sotien aikana. Tämä jakso on tuotettu osana Päämaja -hanketta. Hanke on Euroopan unionin osarahoittama. Tuen on myöntänyt Etelä-Savon maakuntaliitto.
Päämajan salainen viestikeskus Lokki toimi Mikkelin Naisvuoren sisällä jatkosodan ajan, toimien koko suomen puolustuksen viestiliikenteen solmukohtana. Mikkeliin tuotiin oman aikansa huipputeknologiaa, joka varmisti sodanjohdon viestien jouhevan kulkemisen halki valtakunnan. Jaksossa kuullaan myös paljon asiaa viestikeskuksen myöhemmistä vaiheista ja meneillään olevista restaurointitöistä.Tämä jakso on tuotettu osana Päämaja -hanketta. Hanke on Euroopan unionin osarahoittama. Tuen on myöntänyt Etelä-Savon maakuntaliitto.
Tässä jaksossa käydään läpi suomalaisten suhdetta sotaan. Vieraana jaksossa Sodan ja rauhan keskus Muistin pedagogi Mikko Siitonen, joka on tehnyt pitkän uran suomalaisten, etenkin nuorten kanssa. Jakso on osa kuusiosaista sarjaa.Lisätietoja: https://muisti.org/Tämä jakso on tuotettu osana Päämaja -hanketta. Hanke on Euroopan unionin osarahoittama. Tuen on myöntänyt Etelä-Savon maakuntaliitto.
Suomen sotien päämaja oli moniulotteinen organisaatio. Persoonat, ajatukset ja toimintatavat ottivat useinkin yhteen, kun suomen kohtalon hetkistä päättivät esikunnan upseerit. Tämä jakso on tuotettu osana Päämaja -hanketta. Hanke on Euroopan unionin osarahoittama. Tuen on myöntänyt Etelä-Savon maakuntaliitto.
"The train's on the track" for a U.S. strategy to counter China-led de-dollarization, reveals Professor Steve Hanke. In this exclusive interview with Daniela Cambone, Hanke, who is actively in the room with the White House and Treasury, details the "serious strategy that's being thought through and developed." He cautions that it's a 'pretty heavy-duty lift' focused on a 'pro-dollarization movement,' but identifies one pivotal nation where success would trigger a geopolitical domino effect, making it essentially 'game over. The U.S. won.'"✅ FREE RESOURCESDownload The Private Wealth Playbook — a data-backed guide to strategically acquiring gold and silver for maximum protection, privacy, and performance. Plus, get Daniela Cambone's Top 10 Lessons to safeguard your wealth (FREE)
As a 19 year old, Letitia Hanke took a job as a receptionist at the local roofing company. Within 10 years, she bought the business she has now been running (and growing) for 2 decades. If you want to remember that anything is possible, this conversation will wake you up to the possibilities. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
What do we do when the wicked seem to win and the righteous suffer? Psalm 37 confronts the tension we feel when life doesn't line up with what we expect from Psalm 1. Though the wicked flourish for a time, they will be cut off. The righteous may struggle now, but God upholds them and promises they will inherit the land.This teaching Psalm invites us to trust in the Lord, delight in Him, and wait patiently for His justice. Jesus models this wisdom life, living Coram Deo, enduring suffering, and trusting the Father to vindicate Him. In Christ, Psalm 37 becomes more than a lesson. It becomes a way to live with hope, wisdom, and peace in the present.Support our mission:Your generosity helps us proclaim Christ as King and equip disciples to make disciples.alloflife.churchcenter.com/givingVisit our website:www.alloflife.church
Bob hosts Steve Hanke, Distinguished Senior Scholar at the Mises Institute and Professor of Applied Economics at Johns Hopkins University, to discuss his research on hyperinflations, currency board solutions, and the economic effects of the COVID lockdowns. Hanke explains the findings of his meta-analysis of lockdown impact and explains why Sweden's laissez-faire approach was vindicated. He also draws from decades of experience stopping hyperinflation globally, advocating currency boards and gold-backed solutions as effective alternatives to central banks.Follow Professor Hanke on X --- @Steve_HankeProfessor Hanke's Austrian Economics Research Conference Lecture: Mises.org/HAP506aProfessor Hanke's IEA Article, "Did Lockdowns Work? The Verdict on COVID Restrictions": Mises.org/HAP506bThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
Bob hosts Steve Hanke, Distinguished Senior Scholar at the Mises Institute and Professor of Applied Economics at Johns Hopkins University, to discuss his research on hyperinflations, currency board solutions, and the economic effects of the COVID lockdowns. Hanke explains the findings of his meta-analysis of lockdown impact and explains why Sweden's laissez-faire approach was vindicated. He also draws from decades of experience stopping hyperinflation globally, advocating currency boards and gold-backed solutions as effective alternatives to central banks.Follow Professor Hanke on X --- @Steve_HankeProfessor Hanke's Austrian Economics Research Conference Lecture: Mises.org/HAP506aProfessor Hanke's IEA Article, "Did Lockdowns Work? The Verdict on COVID Restrictions": Mises.org/HAP506bThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
Central banks in major economies have repeatedly misread inflation trends by relying on models that omit a fundamental economic lever: the money supply. In this episode, economist Steve Hanke offers a detailed critique of prevailing post-Keynesian frameworks and the policy missteps that have followed. Drawing on historical and current data, Hanke underscores the predictive power of the quantity theory of money, a model largely excluded from central bank thinking, and explains how ignoring this leads to erroneous inflation forecasts and misguided interventions. The discussion outlines how inflation, often attributed to exogenous shocks such as supply chain disruptions or geopolitical events, is more reliably explained by changes in the money supply. Hanke presents evidence that inflation today is the result of decisions made one to two years prior, making it critical to focus on monetary trends rather than short-term data fluctuations. He further contrasts U.S. and Chinese monetary responses, highlighting how both under- and over-corrections in money supply growth have resulted in either recessionary pressures or deflation. Key insights from the episode include: - The quantity theory of money remains one of the most reliable frameworks for anticipating inflation, yet is absent from mainstream economic models used by central banks. - Inflation is always a monetary phenomenon, rising or falling primarily in response to shifts in the money supply, not due to external shocks, which only affect relative prices. - U.S. monetary policy is currently on a path toward recession, not inflation, due to anemic money supply growth since 2022, a trend Hanke predicts will continue unless reversed. - Regime uncertainty, policy volatility that undermines business investment, amplifies economic stagnation. Drawing parallels to the New Deal era, Hanke warns that unclear or shifting fiscal and regulatory rules will delay recovery even further. - Most of the money in circulation is created by commercial banks, not central banks. Post-2008 regulations have constrained these institutions, diminishing their role in supporting economic growth. Taken together, these points call for a recalibration of macroeconomic policy, placing money supply at the center of analysis and re-empowering commercial banks to function as essential components of the financial system. For senior leaders navigating strategic decisions, the episode provides a timely and data-grounded lens on the structural drivers shaping inflation, recession risks, and economic stability. Get Steve's book here: https://shorturl.at/t5uDw Making Money Work: How to Rewrite the Rules of Our Financial System Here are some free gifts for you: Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach McKinsey & BCG winning resume free download: www.firmsconsulting.com/resumepdf Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo
Professor Steve H. Hanke, professor of applied economics at Johns Hopkins University and the founder and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise, joins Julia La Roche on episode 265 to discuss the economy and his new book "Making Money Work: How to Rewrite the Rules of Our Financial System." Sponsors: Monetary Metals. https://monetary-metals.com/julia Kalshi: https://kalshi.com/juliaIn this episode, Hanke warns of an 80% recession probability by year-end, driven by regime uncertainty from Trump's policy changes and money supply contraction since April 2022. He critiques the Federal Reserve's narrow focus on interest rates while ignoring quantitative tightening and argues for putting money supply and commercial banks back at the center of monetary policy. Hanke explains how Fed policies create wealth inequality by inflating asset prices that benefit the rich, advocating for "neutrality" as the goal of monetary policy. He dismisses Trump's "big beautiful bill" as fiscally irresponsible and calls for a constitutional convention to implement a Swiss-style debt brake. The conversation covers his new book's thesis that monetary policy should focus on money supply growth rather than interest rates, with commercial banks producing 80% of the money supply through lending.Links: Twitter/X: https://x.com/steve_hankeMaking Money Work book: https://www.amazon.com/Making-Money-Work-Rewrite-Financial/dp/139425726000:00 - Introduction of Professor Steve Hanke 01:28 - Regime uncertainty concept and Trump's policy changes 03:52 - Tariffs as taxes on international transactions 06:20 - 80% recession probability by end of year 08:31 - Money supply contraction since April 2022 10:51 - Bubble indicator and market complacency discussion 12:52 - Family call interruption from Dominican Republic 13:24 - Market in bubble territory explanation 16:11 - Federal Reserve critique and FOMC meeting outlook 18:27 - Quantitative tightening vs interest rate focus 19:04 - Three pillars of the book's thesis 25:46 - Neutrality as monetary policy objective 29:30 - How Fed policy creates wealth inequality 32:15 - Catalyst for writing the book 37:09 - "Big beautiful bill" critique and fiscal concerns 42:34 - Swiss debt brake constitutional solution 46:25 - Key prices to watch: gold, 10-year yields, dollar-euro, stocks