Steve Hanke: There’s A Much Bigger Crisis Than High Inflation

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Steve Hanke, Professor of Applied Economics, predicts that headline CPI inflation will return to 2% by year-end 2023, but a recession will hit by Q1 of 2024.

*This video was recorded on June 30, 2023

FOLLOW STEVE HANKE:
Twitter (@steve_hanke): https://twitter.com/steve_hanke
Gold Sentiment Report: https://thegoldsentimentreport.com/
Email: hanke@jhu.edu
Hanke's new book: https://iea.org.uk/publications/did-lockdowns-work-the-verdict-on-covid-restrictions/
Press Release: https://iea.org.uk/media/lockdowns-were-a-costly-failure-finds-new-iea-book/

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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.

0:00 - Intro
0:45 - Labor market
3:40 - 2% inflation by year-end
6:40 - Recession by Q1 2024
8:20 - Social costs
14:40 - Inflation vs recession
22:00 - Ageing population
24:50 - Declining population

#economy #recession #recession