Today we have an exceptional topic to discuss that could be a game changer for many of you. We'll explore renowned economist Professor Steve Hanke's views on the coming recession and why he thinks it could pose a generational opportunity. So, let's get straight to the point. Three years ago, Professor Steve Hanke, professor of applied economics at Johns Hopkins University, made a bold prediction using the quantity theory of money. He predicted that inflation would reach levels not seen in a generation and, indeed, inflation peaked at 9.1%. He now expects inflation to fall to around 2.5% to 3% by the end of this year, and he expects the United States to enter recession late this year or early next year. 2025.
To understand Hanke's predictions, we must grasp the concept of the quantity theory of money. According to this theory, changes in the money supply directly influence economic activity and inflation. Here's a simple analogy: Think of the economy as a roller coaster, where the ups and downs are driven by the money supply. In February 2020, when COVID-19 hit, the money supply in the United States skyrocketed. This surge ultimately led to inflation. Then the Federal Reserve reversed course, reducing the money supply. Today, the money supply is lower than it was in July 2022. This phase of contraction has led to a significant decline in inflation.

Prof. Steve Henke: /"I warned you before this started/" Now tell your family to do this to survive 2024

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