Professor Steve Hanke is a renowned economist who served on President Reagan’s Council of Economic Advisors.
In a recent interview on CNBC, Hanke predicted a recession is coming in 2024 due to changes in the money supply not seen since the 1930’s.
Right now the U.S. economy is experiencing the calm before the storm, he said.
Watch: From the video (emphasis added): “ The contraction of the money supply will continue on pace and will be in the thick of it in 2024. And I think basically what’s happening: this is kind of the calm before the storm. The soft landing folks think everything looks great – we’re going to have a soft landing. My interpretation is no, they’re not looking at the money supply. And if they were, they’d realize that this is a calm before the storm. “ In a separate interview , Professor Hanke […]
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