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.
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.
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.
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
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.
@@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.
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 🙏.
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!
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.
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.
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!
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!"
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.
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
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
@@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
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.
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?
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.
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.
The bigger problem is Trade Deficit. Dollars going to foreign countries return to the US to purchase hard assets such as 40% of the US stock market, property such as hotels, gas stations, and farm ground near military bases, and companies such as Smithfield foods and JBS. We have been selling the heart and soul of our country for the trash in our landfills.
That is a epic statement “selling our heart and souls for trash in our landfills” - so true. Same here in New Zealand. Greed is one of the worst traits of mankind.
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, thank you. You do have the best financial podcast on TH-cam. The ability to get these esteemed gentlemen together is awesome and appreciated.
This was one of the best shows! Economic intellectuals demonstrated that staying sharp well into your 80s doesn't require a technology device.
David Lin with another high caliber debate.
This isn't a debate. These guys are butt buddies as far as I can see...
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 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.
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?
This is the one i was waiting for David you have the best guest best show
These two guys are GREAT. Thanks for having them on.
Two amazing minds with a moderator of the highest caliber. Thank you David so much for these. We continue to learn.
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!
Commented early just to say that I am looking forward to this. David is a great moderator and people respect him.
Thank you so much. Mr. David Lin, Dr. Arthur Laffer and Mr. Steve Hanke.
Art Laffer is such a badass, I'd be friends with him in an instant.
The best moderator and guest every time. This channel is gold!
By far, the Steve Hanke interview with another person on the Panel is invaluable. We learn a lot.
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.
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.
Excellent again. I watched it twice. These guys are national treasures!!!
Nobody else doing this. Great work David.
All-star guests this time! What a privilege to live in a time where you can listen to their wisdom with one click :-)
Amazing. I had a great time with both of them. Amazing interview. Loved it!
I never would have thought Dr. Hanke was older than 70.
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.
OMG ! You 3 gentlemen together are a Gold Combination ! Thank you so much !
What an amazing conversation. Your channel is a gem, David.
Thanks!
What a treat, Mr. Lin. You are going from strength to strength and attracting great guests.
Just awesome!!! I have the utmost respect for all three of these fine gentlemen.
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 🙏.
Wow Dynamic interview! Two legends....Thank you
Great Job interviewing these two guys David...very educated intelligent conversation
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!
🥊🧠OLDIES but GOODIES🥊🧠
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.
David, I watch you shows more and more.. Really enjoyable. Thanks
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.
Ahhh yes
Great conversation! Loved it!
this is some first level stuff you have going on here. you have definitely stepped up your game man!!
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!
Best podcast on the planet hands down 👏 ❤
Beautiful interview, so powerfull thinkers! Thanks a lot 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!"
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.
Professor Hanke is the man!!! 81
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.
D Lin!! Holding it down! Show is 2nd to none
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.
Actually, silver is the best conductor of electricity.
@@PinballBob1 true, until it tarnishes .
@@PinballBob1unless it's used in chips and micro-boards.
If you don't hold it, you don't own it.
BTW, I know what you're talking about in your last sentence. Lol. 🤣
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.
Incredible discussion with two living legends!
God damn Art is sharp for 83 insane!!!!
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
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
It doesn't get any better than that. Great work, David!
Laffer really lives up to his name. Appreciate his vibes
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.
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.
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.
"Takes money to make money".........and not talking about printing more !!
We are blessed to watch two living legends right now!!!
Thanks David!!!!
Great interview!!!! Thanks for letting these two icons have the floor.
Thank you so much David for bringing these gentlemen on the show.
Well done David great interview
UNBELIEVABLE GUESTS!!!! HANKE AND LAFFER. ICONS!!!!!!!!!!!!!!!!😀😀😀😀😀
The best guests today. Thank you
"Everything is cheaper" and no one has a job.. Or, loses all of their labour standards.
These two are super enjoyable to listen to.
Thank you David.
First class podcast Well done David.
Fantastic!
Two old knights fighting it out.
Learned so much. Thank you.
Amazing guests & engaging interview, @David!
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?
Excellent show David!! Love these two guests!! ❤️
Super discussion !!
Damn David. You’re getting some class A mofos to debate. Love it. Serwus!
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.
I just heard an interview with professor wolf and none of this was brought up. A real interview with actual thoughts. Thank god.
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
This is the BEST interview put by this show EVER!!!
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.
What a pleasure gentlemen - I thought everyone had lost their sense of humor already.
Great show David! Wonderful guests 👍👍
Excellent discussion, very informative , thank you David
Great interview and discussion. Brilliant guests.
Thank you gentlemen. I was waiting a long time for this!
David, this was amazing, we need round two please!
Arthur Laffer! How awesome! We don't see him enough anywhere!!!!
Best episode yet!!!
What an outstanding interview! So much to learn from two who actually know economics -- unlike many ideologues and poseurs on TH-cam.
Legend's, intelligent wise men with a great sense of humour. I can listen to them for hours. ❤❤❤❤
Amazing show with these two economists!!
Thank you, David!
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.
Always enjoy listening to Steve. He looks and sounds no more than 60.
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
So refreshing. Two economists who make sense. Excellent Interviews.
The bigger problem is Trade Deficit. Dollars going to foreign countries return to the US to purchase hard assets such as 40% of the US stock market, property such as hotels, gas stations, and farm ground near military bases, and companies such as Smithfield foods and JBS. We have been selling the heart and soul of our country for the trash in our landfills.
That is a epic statement “selling our heart and souls for trash in our landfills” - so true. Same here in New Zealand. Greed is one of the worst traits of mankind.