Art Laffer & Steve Hanke: Is Great Depression 2.0 And Poverty Coming?
ฝัง
- เผยแพร่เมื่อ 9 มิ.ย. 2024
- Arthur Laffer, Chairman of Laffer Associates and Steve Hanke, Professor of Applied Economics At Johns Hopkins University, discuss the biggest problems the economy faces and how to solve them.
*This video was recorded on May 15, 2024
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FOLLOW STEVE HANKE:
Twitter (@steve_hanke): / steve_hanke
Email: hanke@jhu.edu
FOLLOW ARTHUR LAFFER:
The Laffer Center: laffercenter.org/
FOLLOW DAVID LIN:
Twitter (@davidlin_TV): / davidlin_tv
TikTok (@davidlin_TV): / davidlin_tv
Instagram (@davidlin_TV): / davidlin_tv
For business inquiries, reach me at david@thedavidlinreport.com
*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
1:41 - 5 pillars of prosperity
7:50 - Free trade
12:00 - ‘Green socialism’
18:30 - Free trade with hostile nations
25:50 - Tax policies
34:30- Biggest economic problems
37:35 - Argentina
42:20 - Bitcoin
47:20 - Private money
49:20 - Advice for young people
#economy #economics #investing
The best moderator you don’t notice, the guests are the stars, just steer them in the right direction.
EVs aren't green and CO2, .04% of the atmosphere, is not destroying the planet, or warming the atmosphere. Such dangerous nonsense.
contrary to the current trend of interviewers that 1. don't let the interviewee reply and 2. answer their own questions themselves
Facts!!!
And asking great questions. David Lin is a rising star.
David Lin is a master of this journalistic practice.
The kind of quality in-depth debate we never see on CNBC....... well done David... ❤
Yep instead of this you get Jim Cramer's ranting on CNBC.
Two economic titans having a great discussion. Both in their twilight years, but both sharp as ever. It was a joy to watch.
Both of these men are absolute icons in their area of expertise. I graduated high school in 1987 in Maryland, both these men were discussed in our teachings of current events. Excellent debate allowing the two stars to shine as they both deserve. Art Laffer still has the spirit of the Reagan days with his jokes and ability to slice through sensitive topics. I still look back at Reagans many jokes and how he brushed off opposition while cracking a joke in the next breath. Absolute brilliant display of wisdom and knowledge from our elder professionals. More intelligence between these two men than the entire white house today.
Their combined intelligence may surpass the current entirety of the Swamp.
OMG, did you drink the KoolAid. Reagonomics simplified: Bust labor unions, cut taxes on the owners, back to the Guilded Age of latter day Robber Barons, chop wood in cowboy boots for the cameras to act a hero to the common man while silently conducting economic warfare on said common man.
David Lin with another high caliber debate.
This isn't a debate. These guys are butt buddies as far as I can see...
This was comedy gold. Even David Lin got in on it: "Connecticut... is a state a lot of people want to move to." And Laffer has an Obamaphone. These guys are where I want to be when I'm 83.
David, you have to bring Laffer back, he's great.
I like Hanke better
@25Soupy - watch Peter Schiff va Art Laffer before the 2008 crash and see if you still feel the same way.
This was one of the best shows! Economic intellectuals demonstrated that staying sharp well into your 80s doesn't require a technology device.
David, thank you. You do have the best financial podcast on TH-cam. The ability to get these esteemed gentlemen together is awesome and appreciated.
Art laffer is the man! Bring him back for his property tax theory!!
You people truly have no clue what Laffer was about.
Famous for the Laffer curve that describes diminishing returns when taxes increase.
I'm not a soy boy socialist so I can understand facts and appreciate his work. @@jaredcrenshaw7665
@@jaredcrenshaw7665 what is he about?
Before watching this I know we're in for a great show and likely humorous. Love professor Henke
The fact they un-plug keeps their brain functioning on a higher processing capacity!
I never would have thought Dr. Hanke was older than 70.
Art's 83! Damn... he's sharp as a tack and looks good for 83.
He should be the president not Biden.
Art owes Schiff
@@Blueblackngold Schiff is a dink.
@@Blueblackngold Yes. Pessimism is noticeable when it's right, but optimism in the long run is the better attitude for a capitalist economy. Adam Smith, not Robert Malthus.
These two guys are GREAT. Thanks for having them on.
Commented early just to say that I am looking forward to this. David is a great moderator and people respect him.
Art Laffer is such a badass, I'd be friends with him in an instant.
This is the one i was waiting for David you have the best guest best show
Two amazing minds with a moderator of the highest caliber. Thank you David so much for these. We continue to learn.
All-star guests this time! What a privilege to live in a time where you can listen to their wisdom with one click :-)
The best moderator and guest every time. This channel is gold!
Nobody else doing this. Great work David.
The great John T. Flynn was once introduced as an Economist.
He was then asked what is it an economist does.
He was actually a trained lawyer, a graduate from Georgetown.
He quipped "God knows, ask him!"
Excellent again. I watched it twice. These guys are national treasures!!!
🥊🧠OLDIES but GOODIES🥊🧠
I felt as though I had a front row seat on the truth of economic and money reality....then a second later I realised I did. Amazing. Best discussion I've seen in years.
By far, the Steve Hanke interview with another person on the Panel is invaluable. We learn a lot.
Thank you so much. Mr. David Lin, Dr. Arthur Laffer and Mr. Steve Hanke.
The U.S.A. today : Wealth is based on the family you are born into, who you are friends with and who you are friends with. 😅
Believe me or not, thats Astrology.
Specially where the Venus, Mars, Jupiter and Saturn are, in which position.
Tell me who you are with and I will tell you who you are
"Takes money to make money".........and not talking about printing more !!
Mr Laffer and Proff. Hanke are two completely opposite characters that are both very intelligent and experts in their field. Their understanding of how economy works and how each parameter affects it is so eye opening. David you are a great host and you know how to pick the right guests 👏 I truly wish i could some day meet you all in person.
Steve ...sadly correct..our country needs to grow some balls .
Were cow towwing
Professor Hanke is the man!!! 81
Amazing. I had a great time with both of them. Amazing interview. Loved it!
2 of my favorite. Glad to see they're friends! Nice work Mr Lin!
81, and 83, I’m 64, and you two look great. So do I.
What an amazing conversation. Your channel is a gem, David.
OMG ! You 3 gentlemen together are a Gold Combination ! Thank you so much !
Incredible discussion with two living legends!
Beautiful interview, so powerfull thinkers! Thanks a lot David!
Podcast of the month, these 2 need need to be a bigger platform.
Agreed, but they have opinions of foundation and not the glitzy statue.
That’s why we love your channel David.
Just keep doing what you’re doing in bringing the best financial and economic minds we have and giving them a forum to discuss and debate their views.
Thank you 🙏.
Just awesome!!! I have the utmost respect for all three of these fine gentlemen.
Damn David. You’re getting some class A mofos to debate. Love it. Serwus!
Great Job interviewing these two guys David...very educated intelligent conversation
I remember playing a civilization building game that incorporated the Laffer curve into the economics of the game. You built cities and collected resources like many games, but one of the functions of the game was taxation of the cities. The way it worked was, you had to attract population to the city to create workers or military. If you lowered taxes population would increase faster and workers would produce resources faster. If you raised taxes above 30% your cities would begin losing population and workers produce less resources. The peak efficiency was 30% however most players kept tax rates at 0% to attract population the fastest and sell resources to get gold instead of taxing. If you were fighting a war you always wanted to put taxes to 0% so that you could recruit military faster.
There was a strategy to collect some gold quickly which was to build up thriving cities then increase taxes to 50% and for a short time you could collect more gold but your population would start leaving and resources and military would decline so you had to do it for only short periods at a time. If you raised taxes over 80% your population would rebel and destroy your own cities after a while and military would desert. It was a really interesting game.
this is some first level stuff you have going on here. you have definitely stepped up your game man!!
What a pleasure gentlemen - I thought everyone had lost their sense of humor already.
Wow Dynamic interview! Two legends....Thank you
That was absolutely awesome, loved them both!!!!!
USDA SNAP cards are the invisible bread lines from the 1930s. About 12% of the US population is in those invisible bread lines. The percentage may actually be higher as many children don't directly hold SNAP cards, but are part of the overall population.
No reform or change either , without return to Constitutional Money !
Ahhh yes
God damn Art is sharp for 83 insane!!!!
Gold will always have fundamental value because it is the best conductor of electricity. It doesn't tarnish, rot, rust or spoil and it can easily be identified, tested, measured and divided. It's only problem is that it can't be sent at the speed of light.
Not so easy to identify when people in China are being wiped out after purchasing fake gold bars
Actually, silver is the best conductor of electricity.
@@PinballBob1 true, until it tarnishes .
Gold not so easy to identify these days as people are losing their life savings in China when they purchase fake gold bars
@@PinballBob1unless it's used in chips and micro-boards.
Best podcast on the planet hands down 👏 ❤
You hit a home run with this interview. In my opinion, these are two of the best economist, and they gave very insightful responses to the questions.
David, you have done many excellent interviews. This style is your best. And two legends at the same time! These guys gave us all the answers we need.
Laffer really lives up to his name. Appreciate his vibes
The only guest on Lin's show worth listening to
Many people are worth listening to, even if you don't agree with them; which is normal.
Never been disappointed by David’s show even if I don’t completely agree with guest
First. And Hanke is my favorite
Yes he just let's them speak
And sits back
David, you nailed this interview with these great guests.
David, I watch you shows more and more.. Really enjoyable. Thanks
It doesn't get any better than that. Great work, David!
What a treat, Mr. Lin. You are going from strength to strength and attracting great guests.
Jimmy Carter is the one that brought in Volker. He did the hard work during his presidency and then Reagan benefited from lowering interest rates and from massive increases in the federal debt spending. Reagan is the beginning of the massive debt problem and wealth gap problem we have now
just like drumpy
And so did Reagan and the inflation rate didn’t go down until 1983 to 3% and it hit its peak in 1980 so maybe do some research before you give Carter credit
@@robertfrey3880 Carter started the hard job during election time. Reagan only had to finish what was working long before an election. That is a fact
@anotheruser5654 I’m not a dem, I’m just capable of the truth. Are you?
@@rd24life actually it was Paul Vollker cater still goes down in history as one of the worst presidents but who cares and in the 90s Reagan’s policies made it boom but everything I read about history it doesn’t matter who is the president we are still going to have a recession and it’s going to be really bad and it was because in 1913 they made the federal reserve and income taxes
D Lin!! Holding it down! Show is 2nd to none
I wonder when David Lin is going to land a big contract with some of these big news platforms.
He said he’s never going back to Kitco so probably not interested
@@ScottishTerrorsInLA I don’t consider Kitco a big financial news outfit.
This historical context is so vital to pass onto all of us. Need to disseminate their legacy of facts, data and patterns; so we do not repeat the mistakes. Those who do not know history, are destined to repeat it. I choose to learn, grow and hope! Ty gentlemen!
When 2 men this caliber are BOTH being interviewed by an entrepreneural REAL journalist, you drop whatever your in the middle of and listen. Great video!
We are blessed to hear such great wisdom. It is a shame that these strategies are not implemented right now. Can't somebody get this to people in power?
Legend's, intelligent wise men with a great sense of humour. I can listen to them for hours. ❤❤❤❤
UNBELIEVABLE GUESTS!!!! HANKE AND LAFFER. ICONS!!!!!!!!!!!!!!!!😀😀😀😀😀
Thank you so much David for bringing these gentlemen on the show.
Whoa. Laffer and Hanke? Wow.
Fantastic!
Two old knights fighting it out.
Learned so much. Thank you.
I must say, as a residential developer in the 70s in California, the raging inflation was behind Prop 13, skyrocketing yearly appraisals were running people from their homes.
First class podcast Well done David.
We are blessed to watch two living legends right now!!!
Both look and have great attitudes
Dr. Laffer, I laughed at your Kermit joke. I hope I’m as sharp as you guys should God allow me to get to your vintage.
Warren buffet and charlie were both super sharp for their ages. The more you use your mind and learn new things it helps
He should do standup.
Thank you gentlemen. I was waiting a long time for this!
These two are super enjoyable to listen to.
Thank you David.
🚨SILENT🚨DEPRESSION🚨
@anotheruser5654 always! I like David’s Channel too!🪙🧠🤘🏻
This is the BEST interview put by this show EVER!!!
I really enjoy these two learned gents. Also credit to you for allowing them the space to engage and elaborate on some key themes. Thank you David
"Hello David. I regularly watch your videos and express my gratitude for your work in highlighting many issues in interviews with a large number of intelligent people. However, what keeps me restless is this... the large number of intelligent, wealthy people, doctors, and professors, great minds from all over the world who live and work in the USA are discussing how America is speeding towards a concrete wall. And here I am puzzled. What is the point of all these professors and their life's work, intelligent people from around the world, if the country is heading for a concrete wall? What is the purpose of their words? Aren't they all so smart to ensure they prevent the country from falling into the abyss?"
All these people, in expensive suits, speak with contemplative words, often incomprehensible to ordinary people, showing how intelligent they are and so on. But what's the point? What is it? Many of them started in institutes of modern country management! Didn't they? Hypocrisy, fake smiles, and pretense. Pretense from the smartest economists and financiers who are already discussing 'in which country to hide from the total collapse.' It's off the charts.
These two gentlemen can fix the USA. How can we expose them to the next President as permanent advisers. Send this episode to DT in USA & PP in Canada!
You’re right! But don’t get your hopes up our politicians are not willing to risk giving power back to people
@@user-ov7fd9of5u the populist right are
One of the best most informed interviews I've heard in a long time! Two thumbs up 👍👍 stands to reason!
I just heard an interview with professor wolf and none of this was brought up. A real interview with actual thoughts. Thank god.
The best guests today. Thank you
Amazing show with these two economists!!
Thank you, David!
An interview with professor Werner and professor Hanke would be amazing!
DAVID. Almost everyone one of these "podcast?" you release is better then the last.
Arthur Laffer! How awesome! We don't see him enough anywhere!!!!
🚨BLACK🚨SWAN🚨SEASON🚨
Looking forward to Good discussion
David….you just keep killing it! Great content! I’ve watched you since you took over for Neals at Kitco and you just keep getting better
Always enjoy listening to Steve. He looks and sounds no more than 60.
Great interview and discussion. Brilliant guests.
Anyone else play the drinking game, “guess David’s daily hairstyle - How manic will it be?”
Besides it leading to one heck of a bad drinking habit, …these are great interviews!
Keep ‘em coming!
Holy Dyna sauerkraut Batboy!!! The greatest hit line-up is still full of firearms.
These are historic talks. Well done David. So freaking proud of you brother. And men, absolute pleasure. I wish we had more leaders in all areas like you. Even if they disagree, the ability to have productive discourse across different opinions is critical for us to get out of this mess. Thank you. Truly.
Excellent show David!! Love these two guests!! ❤️