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Art Laffer & Steve Hanke: Is Great Depression 2.0 And Poverty Coming? 

David Lin
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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
Listen on Spotify: open.spotify.com/show/510WZMF...
Listen on Apple Podcasts: podcasters.spotify.com/pod/sh...
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

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1 июн 2024

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Комментарии : 845   
@craiglefeber4293
@craiglefeber4293 14 дней назад
The best moderator you don’t notice, the guests are the stars, just steer them in the right direction.
@Chuck68ify
@Chuck68ify 14 дней назад
EVs aren't green and CO2, .04% of the atmosphere, is not destroying the planet, or warming the atmosphere. Such dangerous nonsense.
@mashambrequeenel4280
@mashambrequeenel4280 14 дней назад
contrary to the current trend of interviewers that 1. don't let the interviewee reply and 2. answer their own questions themselves
@bcrudup1
@bcrudup1 13 дней назад
Facts!!!
@ykhov
@ykhov 12 дней назад
And asking great questions. David Lin is a rising star.
@wheatcandle
@wheatcandle 11 дней назад
David Lin is a master of this journalistic practice.
@scepisle4970
@scepisle4970 14 дней назад
The kind of quality in-depth debate we never see on CNBC....... well done David... ❤
@michaeljacobs4546
@michaeljacobs4546 13 дней назад
Yep instead of this you get Jim Cramer's ranting on CNBC.
@v3rtig035
@v3rtig035 14 дней назад
Two economic titans having a great discussion. Both in their twilight years, but both sharp as ever. It was a joy to watch.
@ericdaniels4650
@ericdaniels4650 14 дней назад
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.
@michaeljacobs4546
@michaeljacobs4546 13 дней назад
Their combined intelligence may surpass the current entirety of the Swamp.
@memphistennis1691
@memphistennis1691 7 дней назад
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.
@mulatto2776
@mulatto2776 14 дней назад
David Lin with another high caliber debate.
@MH-53E
@MH-53E 14 дней назад
This isn't a debate. These guys are butt buddies as far as I can see...
@therealestake
@therealestake 14 дней назад
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.
@Heyjadid
@Heyjadid 13 дней назад
This was one of the best shows! Economic intellectuals demonstrated that staying sharp well into your 80s doesn't require a technology device.
@PJ_MIKE
@PJ_MIKE 14 дней назад
David, thank you. You do have the best financial podcast on RU-vid. The ability to get these esteemed gentlemen together is awesome and appreciated.
@25Soupy
@25Soupy 14 дней назад
David, you have to bring Laffer back, he's great.
@Radio280
@Radio280 12 дней назад
I like Hanke better
@gtf5392
@gtf5392 12 дней назад
@25Soupy - watch Peter Schiff va Art Laffer before the 2008 crash and see if you still feel the same way.
@Th3_Hoff
@Th3_Hoff 14 дней назад
Art laffer is the man! Bring him back for his property tax theory!!
@jaredcrenshaw7665
@jaredcrenshaw7665 14 дней назад
You people truly have no clue what Laffer was about.
@Th3_Hoff
@Th3_Hoff 14 дней назад
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
@jstro7136
@jstro7136 14 дней назад
​@@jaredcrenshaw7665 what is he about?
@scott7521
@scott7521 14 дней назад
Art's 83! Damn... he's sharp as a tack and looks good for 83.
@Ilovemymalteses
@Ilovemymalteses 14 дней назад
He should be the president not Biden.
@Blueblackngold
@Blueblackngold 14 дней назад
Art owes Schiff
@scott7521
@scott7521 13 дней назад
@@Blueblackngold Schiff is a dink.
@Myndir
@Myndir 9 дней назад
@@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.
@genestone4951
@genestone4951 14 дней назад
These two guys are GREAT. Thanks for having them on.
@reggiebishop5398
@reggiebishop5398 14 дней назад
Before watching this I know we're in for a great show and likely humorous. Love professor Henke
@sharonkowaleski1267
@sharonkowaleski1267 7 дней назад
The fact they un-plug keeps their brain functioning on a higher processing capacity!
@SmokyPemberton-te5oq
@SmokyPemberton-te5oq 14 дней назад
I never would have thought Dr. Hanke was older than 70.
@fillmorehillmore8239
@fillmorehillmore8239 14 дней назад
Commented early just to say that I am looking forward to this. David is a great moderator and people respect him.
@ALANGREENSPAN420
@ALANGREENSPAN420 14 дней назад
🥊🧠OLDIES but GOODIES🥊🧠
@charlespatton4470
@charlespatton4470 13 дней назад
The best moderator and guest every time. This channel is gold!
@jasonclement6305
@jasonclement6305 13 дней назад
Nobody else doing this. Great work David.
@arctan64
@arctan64 14 дней назад
Art Laffer is such a badass, I'd be friends with him in an instant.
@dineshka3
@dineshka3 14 дней назад
Two amazing minds with a moderator of the highest caliber. Thank you David so much for these. We continue to learn.
@shanesteele778
@shanesteele778 14 дней назад
This is the one i was waiting for David you have the best guest best show
@jonswanson7766
@jonswanson7766 13 дней назад
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!"
@user-rl5wm1cm1k
@user-rl5wm1cm1k 14 дней назад
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. 😅
@carloschu7127
@carloschu7127 14 дней назад
Believe me or not, thats Astrology. Specially where the Venus, Mars, Jupiter and Saturn are, in which position.
@imjustalilbit
@imjustalilbit 13 дней назад
Tell me who you are with and I will tell you who you are
@sandburgmartin7947
@sandburgmartin7947 13 дней назад
"Takes money to make money".........and not talking about printing more !!
@simrans3675
@simrans3675 14 дней назад
All-star guests this time! What a privilege to live in a time where you can listen to their wisdom with one click :-)
@strawberrycupcake937
@strawberrycupcake937 14 дней назад
Professor Hanke is the man!!! 81
@seriouslyyoujest1771
@seriouslyyoujest1771 14 дней назад
81, and 83, I’m 64, and you two look great. So do I.
@virgilv
@virgilv 13 дней назад
Excellent again. I watched it twice. These guys are national treasures!!!
@Marcus1954s
@Marcus1954s 14 дней назад
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.
@tow.JanWinnicki
@tow.JanWinnicki 14 дней назад
Damn David. You’re getting some class A mofos to debate. Love it. Serwus!
@markgrunewald4657
@markgrunewald4657 14 дней назад
Steve ...sadly correct..our country needs to grow some balls . Were cow towwing
@DarkSagaOfGreece
@DarkSagaOfGreece 14 дней назад
Amazing. I had a great time with both of them. Amazing interview. Loved it!
@eduardom.ferreira2767
@eduardom.ferreira2767 13 дней назад
Beautiful interview, so powerfull thinkers! Thanks a lot David!
@user-tx5vr7jl3q
@user-tx5vr7jl3q 14 дней назад
Thank you so much. Mr. David Lin, Dr. Arthur Laffer and Mr. Steve Hanke.
@ats89117
@ats89117 14 дней назад
Incredible discussion with two living legends!
@AS-gf5jn
@AS-gf5jn 14 дней назад
2 of my favorite. Glad to see they're friends! Nice work Mr Lin!
@mutantryeff
@mutantryeff 14 дней назад
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.
@deanmyers453
@deanmyers453 13 дней назад
No reform or change either , without return to Constitutional Money !
@MasterRoss-sn7dl
@MasterRoss-sn7dl 12 дней назад
Ahhh yes
@LeRalph2016
@LeRalph2016 14 дней назад
By far, the Steve Hanke interview with another person on the Panel is invaluable. We learn a lot.
@belindacardoso3274
@belindacardoso3274 14 дней назад
What a pleasure gentlemen - I thought everyone had lost their sense of humor already.
@markmoey115
@markmoey115 11 дней назад
UNBELIEVABLE GUESTS!!!! HANKE AND LAFFER. ICONS!!!!!!!!!!!!!!!!😀😀😀😀😀
@Mustang85635
@Mustang85635 14 дней назад
God damn Art is sharp for 83 insane!!!!
@vglow5271
@vglow5271 14 дней назад
Wow Dynamic interview! Two legends....Thank you
@richardsacchetti6967
@richardsacchetti6967 14 дней назад
That was absolutely awesome, loved them both!!!!!
@mulatto2776
@mulatto2776 14 дней назад
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.
@imjustalilbit
@imjustalilbit 13 дней назад
Not so easy to identify when people in China are being wiped out after purchasing fake gold bars
@PinballBob1
@PinballBob1 13 дней назад
Actually, silver is the best conductor of electricity.
@mulatto2776
@mulatto2776 13 дней назад
@@PinballBob1 true, until it tarnishes .
@imjustalilbit
@imjustalilbit 13 дней назад
Gold not so easy to identify these days as people are losing their life savings in China when they purchase fake gold bars
@sandburgmartin7947
@sandburgmartin7947 13 дней назад
​@@PinballBob1unless it's used in chips and micro-boards.
@chrysisd
@chrysisd 11 дней назад
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.
@Shibafan
@Shibafan 14 дней назад
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 🙏.
@rustyscrapper
@rustyscrapper 13 дней назад
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.
@damianrhea8875
@damianrhea8875 14 дней назад
OMG ! You 3 gentlemen together are a Gold Combination ! Thank you so much !
@LeBaronDoan
@LeBaronDoan 14 дней назад
Great Job interviewing these two guys David...very educated intelligent conversation
@LuckyNice19
@LuckyNice19 13 дней назад
Laffer really lives up to his name. Appreciate his vibes
@rd24life
@rd24life 14 дней назад
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
@CrodjMBA
@CrodjMBA 14 дней назад
just like drumpy
@robertfrey3880
@robertfrey3880 14 дней назад
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
@anotheruser5654
@anotheruser5654 14 дней назад
Dems deal with feelz not facts.
@rd24life
@rd24life 14 дней назад
@@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
@rd24life
@rd24life 14 дней назад
@@anotheruser5654 I’m not a dem, I’m just capable of the truth. Are you?
@caker65
@caker65 14 дней назад
this is some first level stuff you have going on here. you have definitely stepped up your game man!!
@erikavarga7060
@erikavarga7060 13 дней назад
David, you nailed this interview with these great guests.
@Namegoeshere-op9hg
@Namegoeshere-op9hg 14 дней назад
Whoa. Laffer and Hanke? Wow.
@jessejohnson7591
@jessejohnson7591 14 дней назад
Just awesome!!! I have the utmost respect for all three of these fine gentlemen.
@Ermz
@Ermz 14 дней назад
What an amazing conversation. Your channel is a gem, David.
@Dan-yw7sy
@Dan-yw7sy 13 дней назад
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!
@bmacaz
@bmacaz 14 дней назад
Best podcast on the planet hands down 👏 ❤
@cvrart
@cvrart 13 дней назад
37:35 - 42:04 ... David Lin takes a long restroom break. In his next interview, David will try his hand at herding cats ;-)
@passiveincome1092
@passiveincome1092 14 дней назад
First. And Hanke is my favorite
@marycooper8385
@marycooper8385 14 дней назад
Yes he just let's them speak And sits back
@anotheruser5654
@anotheruser5654 14 дней назад
Not really he interrupts a lot.
@alexlakis810
@alexlakis810 14 дней назад
Podcast of the month, these 2 need need to be a bigger platform.
@fillmorehillmore8239
@fillmorehillmore8239 14 дней назад
Agreed, but they have opinions of foundation and not the glitzy statue.
@florianewu7256
@florianewu7256 8 дней назад
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!
@rodneyr908
@rodneyr908 13 дней назад
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.
@benji88
@benji88 14 дней назад
Legend's, intelligent wise men with a great sense of humour. I can listen to them for hours. ❤❤❤❤
@meysamramezani3087
@meysamramezani3087 11 дней назад
Thank you so much David for bringing these gentlemen on the show.
@gregodonnell8469
@gregodonnell8469 2 дня назад
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!
@user-tl6xt2cm5y
@user-tl6xt2cm5y 13 дней назад
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.
@madebeen
@madebeen 13 дней назад
This is the BEST interview put by this show EVER!!!
@anotheruser5654
@anotheruser5654 14 дней назад
Property taxes are out of control. It's not sustainable and is going to get crushed down as things implode. The best thing about that is, it will require major cutbacks of state governments.
@ace9840
@ace9840 14 дней назад
That’s because spending has been out of control for years .. especially since 2008.
@tenplus1025
@tenplus1025 14 дней назад
D Lin!! Holding it down! Show is 2nd to none
@abrahamnorthhampton3327
@abrahamnorthhampton3327 13 дней назад
It doesn't get any better than that. Great work, David!
@davidday9251
@davidday9251 14 дней назад
What a treat, Mr. Lin. You are going from strength to strength and attracting great guests.
@aliburney8466
@aliburney8466 14 дней назад
The only guest on Lin's show worth listening to
@Marcus1954s
@Marcus1954s 14 дней назад
Many people are worth listening to, even if you don't agree with them; which is normal.
@user-ov7fd9of5u
@user-ov7fd9of5u 13 дней назад
Never been disappointed by David’s show even if I don’t completely agree with guest
@dustynn.9030
@dustynn.9030 11 дней назад
These two are super enjoyable to listen to. Thank you David.
@BDKR
@BDKR 11 дней назад
Arthur Laffer! How awesome! We don't see him enough anywhere!!!!
@markgrunewald4657
@markgrunewald4657 14 дней назад
Both look and have great attitudes
@mister5520
@mister5520 14 дней назад
David, I watch you shows more and more.. Really enjoyable. Thanks
@ALANGREENSPAN420
@ALANGREENSPAN420 14 дней назад
🚨SILENT🚨DEPRESSION🚨
@anotheruser5654
@anotheruser5654 14 дней назад
You made it over from Greg's channel Alan!
@ALANGREENSPAN420
@ALANGREENSPAN420 14 дней назад
@@anotheruser5654 always! I like David’s Channel too!🪙🧠🤘🏻
@ALANGREENSPAN420
@ALANGREENSPAN420 14 дней назад
🚨BLACK🚨SWAN🚨SEASON🚨
@annakovacs370
@annakovacs370 14 дней назад
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?
@bcrudup1
@bcrudup1 13 дней назад
We are blessed to watch two living legends right now!!!
@JohnLin-kg5eu
@JohnLin-kg5eu 13 дней назад
Amazing show with these two economists!! Thank you, David!
@eramg6324
@eramg6324 14 дней назад
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.
@SuperSavageSpirit
@SuperSavageSpirit 14 дней назад
Warren buffet and charlie were both super sharp for their ages. The more you use your mind and learn new things it helps
@LarsLarsen77
@LarsLarsen77 13 дней назад
He should do standup.
@cryptocrazy726
@cryptocrazy726 11 дней назад
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
@damianmousley2098
@damianmousley2098 14 дней назад
First class podcast Well done David.
@mattjhawken
@mattjhawken 13 дней назад
Thank you gentlemen. I was waiting a long time for this!
@freeroamer9146
@freeroamer9146 13 дней назад
One of the best most informed interviews I've heard in a long time! Two thumbs up 👍👍 stands to reason!
@Chuck68ify
@Chuck68ify 14 дней назад
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.
@markbrzezinski8889
@markbrzezinski8889 14 дней назад
Fantastic! Two old knights fighting it out. Learned so much. Thank you.
@robertjosan
@robertjosan 3 дня назад
Excellent discussion, very informative , thank you David
@YuriyYarish
@YuriyYarish 14 дней назад
"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?"
@YuriyYarish
@YuriyYarish 14 дней назад
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.
@curryvision2020
@curryvision2020 10 дней назад
Thanks David!!!! Great interview!!!! Thanks for letting these two icons have the floor.
@markgrunewald4657
@markgrunewald4657 14 дней назад
Looking forward to Good discussion
@vaughnhoplamazian5209
@vaughnhoplamazian5209 12 дней назад
Well done David great interview
@longliverock7985
@longliverock7985 12 дней назад
Always enjoy listening to Steve. He looks and sounds no more than 60.
@noellecms
@noellecms 14 дней назад
I wonder when David Lin is going to land a big contract with some of these big news platforms.
@ScottishTerrorsInLA
@ScottishTerrorsInLA 13 дней назад
He said he’s never going back to Kitco so probably not interested
@noellecms
@noellecms 13 дней назад
@@ScottishTerrorsInLA I don’t consider Kitco a big financial news outfit.
@laurentiuluchina9431
@laurentiuluchina9431 2 дня назад
An interview with professor Werner and professor Hanke would be amazing!
@chriss729
@chriss729 12 часов назад
Great channel, love your content!
@supercecchi
@supercecchi 12 дней назад
I can imagine them in a fishing cabin discussing economy with their lines out in a hole in the ice while sipping coffee out of a tin mug
@damncars2618
@damncars2618 14 дней назад
Holy Dyna sauerkraut Batboy!!! The greatest hit line-up is still full of firearms.
@thomashume6497
@thomashume6497 13 дней назад
You can see why Dr Laffer is so happy, he is not on any socials or even email 📧 😂 two living legends as you say David
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