Steve Hanke, professor of applied economics at John Hopkins University, says the Fed is looking at lagging indicators, adding that he does not believe that the U.S economy is on track for a "soft landing."... ( read more )
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Renowned economist Steve Hanke has recently expressed his concerns about a potential recession in the United States next year. Hanke, a professor of Applied Economics at Johns Hopkins University, believes that the contraction of the money supply is a key factor that will contribute to this economic downturn. Monetary supply plays a crucial role in an economy as it affects the availability of credit, interest rates, and overall economic activity. When the money supply contracts, it means that there is a reduction in the amount of money circulating in the economy, which can lead
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