'Abolish Central Banks' - GOLD to $7,000, Dollarization Next? | Steve Hanke
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Show Notes
Professor Steve Hanke argues the only way to restore stability is to abolish central banks and end discretionary monetary policy. Drawing on decades of crisis intervention, Hanke explains how currency boards stopped hyperinflation that reached 242% per month in Bulgaria, why Argentina collapsed after failing to eliminate central bank discretion, and why politicians will never impose fiscal discipline as long as they can finance deficits through money creation.
He says interventionism is now bipartisan across the West, sanctions have become economic weapons of war, and unstable currencies are eroding productivity and long-term prosperity. Hanke also outlines why more countries could move toward dollarization in the next crisis and why gold remains in a secular bull market with potential toward $7,000 per ounce, and much more.
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WHERE TO FIND DR. STEVE HANKE