Two of my favorites! When the Professor mentioned people applying for jobs and rejecting them it reminded me of something. During the Third Reich if you were on welfare (they actually had an advanced welfare organization) if you rejected employment three times you were deemed "work shy" and sent to a camp.
Not that long ago, TN began a universal health care policy. After about 5 yrs. It was bankrupting the State - people were moving to TN to get free healthcare. That provision was shut down.
About the hotel story. That's not true, the hotel is probably in a big and/or wealthy city and the pay offered is not enough to live anywhere near the hotel. That's why they have problems finding low wage workers
There never is a labor shortage. There is sometimes a WAGE problem. A starving man will work for $1/hr. In Beverly Hills, you cannot get laborers for minimum wage, because no one can live there on those wages.
In another recent interview Steve mentions the importance of confidence in economic activity (as to why China cannot generate inflation despite PBC increasing the money supply). What is “confidence” & how does it fit into the monetarist framework he endorses?
The reasons you list for being against UBI. I think all investment income should be taxed as normal income. People who make money from money, not only don't really produce anything regardless of what repackaging of CDOs or whatever new shell game they have convinced you is worth something. Then our brightest minds might actually contribute to society, but because doctors, teachers, lawyers are generally paid lower, who wins the douchy investment banker. We need to incentivize people to want more than money. Like a clean society, with drug addicts everywhere, without being dominated by monopolies in a one party state. I'll end with one of my favorite quotes, "capitalism, that sounds like a great idea, we should try that sometime" We don't even have free movements of goods and people between provinces, LoL.
@@issenvan1050 lazy people, bankers are. They expand the economy without creating value. CBO type nonsense sounds like someone who should rethink their existence. The heroes of the world are those who work, not corrupt douches involved in some kind of human centipede. They all need a short drop and stop
I don’t know who this Hanke is but he’s such an arrogant self-congratulatory ideologue, I can’t listen anymore. He obviously takes his worldview from some books and precooked theories rather than thinking for himself. I’m out.😮
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Prof. Steve Hanke is a great professor ! He has lots of intellect contents in what he says. Please listen to him. Thanks.
Really good. Keith is awesome, a treat to listen to.
Two of my favorites! When the Professor mentioned people applying for jobs and rejecting them it reminded me of something. During the Third Reich if you were on welfare (they actually had an advanced welfare organization) if you rejected employment three times you were deemed "work shy" and sent to a camp.
A new era...old school Steve H. The new school generation Keith w. Both believe in Gold
Keith is a real expert, very interesting, thx
Not that long ago, TN began a universal health care policy. After about 5 yrs. It was bankrupting the State - people were moving to TN to get free healthcare. That provision was shut down.
Keith is an economics Jedi
Great talk!
About the hotel story. That's not true, the hotel is probably in a big and/or wealthy city and the pay offered is not enough to live anywhere near the hotel. That's why they have problems finding low wage workers
There never is a labor shortage. There is sometimes a WAGE problem. A starving man will work for $1/hr. In Beverly Hills, you cannot get laborers for minimum wage, because no one can live there on those wages.
I love Keith’s taxi driver currency test
Take that 20 to many countries and it's REFUSED. especially bric countries
I don’t like the U.S. dollar either@@samgreen23
In another recent interview Steve mentions the importance of confidence in economic activity (as to why China cannot generate inflation despite PBC increasing the money supply). What is “confidence” & how does it fit into the monetarist framework he endorses?
The reasons you list for being against UBI. I think all investment income should be taxed as normal income. People who make money from money, not only don't really produce anything regardless of what repackaging of CDOs or whatever new shell game they have convinced you is worth something.
Then our brightest minds might actually contribute to society, but because doctors, teachers, lawyers are generally paid lower, who wins the douchy investment banker.
We need to incentivize people to want more than money. Like a clean society, with drug addicts everywhere, without being dominated by monopolies in a one party state.
I'll end with one of my favorite quotes, "capitalism, that sounds like a great idea, we should try that sometime"
We don't even have free movements of goods and people between provinces, LoL.
The companies we are shareholders of already pay taxes! Capital gains tax is bs!
@@issenvan1050 lazy people, bankers are.
They expand the economy without creating value. CBO type nonsense sounds like someone who should rethink their existence.
The heroes of the world are those who work, not corrupt douches involved in some kind of human centipede. They all need a short drop and stop
What is the time lag on helicopter money?
THANKS FOR YOUR INPUT!
What is the time lag on helicopter money causing inflation?
What is the time lag on helicopter money counteracting deflation?
I think Keith was sceptical about the sentiment report😂
Should silver behave like gold or copper durimg recession?
But, USD should enter the recession with strength, right?
Doesn’t pivot amount to QE?
My dad used to keep a hanky in his right front pocket.
How about the banking crisis of the 1870s?
If Jesse is going to talk about Javier Millei, he should learn how to pronounce his name
Free Trade has been a disaster for normal Americans
6 months into a recession & throughout it gold strong?..
Guess which ones a certified bobblehead.
The Americans will never stop Israel
🇮🇱 stopped us on June 8, 1967.
Millei intends to move in the 🇮🇱 direction.
Jesse get some rest, You are working too hard.
Lots of talk and no point!!!
I don’t know who this Hanke is but he’s such an arrogant self-congratulatory ideologue, I can’t listen anymore. He obviously takes his worldview from some books and precooked theories rather than thinking for himself. I’m out.😮
He had accurately projected 9% peak CPI 1.5 years in advance while Powell et al. were playing the team transitory game.
Everything he said was correct.