Coffee and a Mike Dave Collum and Steve Hanke #1273
Dec 20, 2025
In this lively discussion, Steve H. Hanke, a renowned applied economics professor, and Dave Collum, an outspoken organic chemistry professor, explore the dynamics between New York and the City of London in global markets. They dive into dollarization trends in Venezuela, the implications of real estate on the economy, and critique long-term financial policies. With insights into inflation, market forces, and energy challenges in Europe, they warn of looming financial risks and share unique investment perspectives, particularly on gold and platinum.
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Gold Buying Rose After 2022 Sanctions
- After 2022, global central banks increased gold purchases as a hedge against sanctions and dollar risks.
- Hanke links sanctions-era dynamics to rising central bank gold demand and talk of reserve diversification.
Compare Prices To Income For Real Inflation
- Correct for inflation by comparing nominal prices to nominal incomes to assess real affordability.
- Steve H. Hanke stresses the money illusion and advises focusing on real (inflation-adjusted) changes in income and prices.
Monetary Easing Inflated Asset Inequality
- Fed's 2020 money creation favored asset holders, boosting inequality by inflating asset prices first.
- Hanke links post-2020 monetary expansion to a sharp rise in billionaire wealth share and real estate gains.