Is the Fed fighting inflation with the wrong tools? Why are global central banks hoarding gold while retail investors are still watching interest rates? In this episode, we sit down with Steve Hanke, one of the world’s top economists, to break down why the real driver of markets isn’t interest rates, it’s money supply. Hanke, who literally wrote the book on hyperinflation and dollarization, makes the case that the Fed’s obsession with rate hikes is a dangerous distraction, and that we’re already seeing the consequences: a global capital stampede into gold, USD assets, and Bitcoin.

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📚 Helpful Resources 📚

Capital, Interest, and Waiting

Controversies, Puzzles, and New Additions to Capital Theory

https://link.springer.com/book/10.1007/978-3-031-63398-0

Making Money Work: How to Rewrite the Rules of Our Financial System

https://www.amazon.com/Making-Money-Work-Rewrite-Financial/dp/1394257260

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🎙 GUEST INFO 🎙

Steve Hanke: https://x.com/steve_hanke

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses.

How Money Supply & Dollar Flight Are Fueling a Bull Market w/ Steve Hanke

Milk Road Macro