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Sep 3, 2025  |  
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Steve H. Hanke


NextImg:Steve Hanke join CapitalCosm to Discuss Trump and Powell, Interest rates, and Inflation

Following Jerome Powell’s latest signal on rate cuts, economist Steve Hanke, Applied Economics Professor at Johns Hopkins University, explains why markets and policymakers keep fixating on the wrong variable. Interest rates don’t drive the cycle, he argues—changes in the money supply do, with long and variable lags.

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