I am not usually a fan of Academics, but I listen, then make up my own mind if I find their thoughts are actionable ones. Steve Hanke is different. When you read through his bio below, one can see he has overwhelming real world experience. Hanke has fact-based experience in multiple currency situations in multiple countries. Dr. Hanke has been an advisor to Presidents of multiple countries. This brings an interconnectedness and practical aspect to Hanke’s conclusions along with his academic background.
This interview could set the tone to your investment theme for 2021.
Dr. Hanke highlights from the interview
- US Government has had 27% money supply growth
- Philips curve should have been trashed long time ago.
- 95% of what you read in Financial Press is rubbish
- Gold and commodities are in a long-term uptrend.
Recommended watching:
Gold to enter bull ‘supercycle’ in 2021, here’s why – Steve Hanke
Dec 22, 2021 – hosted by Kitco
https://www.kitco.com/news/2020-12-22/Gold-to-enter-bull-supercycle-in-2021-here-s-why-Steve-Hanke.html
17 Minutes in length:
BIO: 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 contributor at National Review. 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 Advisers in Maryland in 1976–77, as a Senior Economist on President Reagan’s Council of Economic Advisers 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.
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