Episode Details

Join America's Roundtable Radio co-hosts Natasha Srdoc and Joel Anand Samy in a recent conversation with Steve H. Hanke, 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. Steve Hanke is a leading world expert on currency boards, measuring and stopping hyperinflation, privatization, currency and commodity trading, water resource economics, and other topics.

The conversation with Professor Hanke will provide listeners with an update on the U.S. economy and the impact of inflation and how government policies affect families and the private sector, specifically small and medium size businesses.

Will the Fed's interest rate hikes lead to a soft-landing or a major recession in 2023?

On America's Roundtable Radio, Professor Hanke will highlight his economic predictions for 2023. His predictions for 2022 on the inflation rate was right on target, a warning he and his colleague John Greenwood relayed through a commentary in The Wall Street Journal a year ago titled "Too Much Money Portends High Inflation — The Fed should pay attention to Milton Friedman’s wisdom."

How Effective are Sanctions on Russia?

The discussion will also examine U.S. and European Union sanctions imposed on Russia. This past week we found out that with energy prices up, Moscow is reaping significant financial gains through the sale of oil and gas. A recent Wall Street Journal report stated that through July 2022, Moscow has totaled $97 billion from oil and gas sales, earning $5.4 billion more per month than last year's monthly average. Russia is actually pumping almost as much oil into the global market as it did before prior to the conflict with Ukraine.

US Assistance to Ukraine Rises to $60 Billion — While the European Union's Contribution Amounts to $10 Billion Only

The Biden Administration along with Democrat and Republican members of Congress have authorized over $60 billion in US taxpayer funds to support Ukraine's military and provide assistance to Europe's NATO members. However, the EU comprised of 27 member states in Europe has only provided 10 billion euros (USD$10 billion) since the beginning of the war.

As a leading world expert on currency boards, measuring and stopping hyperinflation, currency and commodity trading, Dr. Hanke will relay his thoughts on the US and Euro currencies and the currency board that he developed for a number of countries around the world.

His recent commentary in The Wall Street Journal titled "Floating Exchange Rates Add to Economic Uncertainty” raised important points. The discussion with Professor Hanke on Saturday morning will focus on the perils of instability which brings problems for the U.S. and Europe—and serious crises to developing nations.

Importantly, the conversation will highlight the significance of advancing principled pro-growth policies for America.

Recent statements by Professor Steve Hanke:

“We will have a recession because we’ve had five months of zero M2 growth, money supply growth, and the Fed isn’t even looking at it."

"The bottom line is we’re going to have stagflation — we’re going to have the inflation because of this excess that’s now coming into the system.”

“The problem we have is that the [Fed Chair Jerome Powell] does not understand, even at this point, what the causes of inflation are a