Host Nauraiz Rana is in conversation with Steve Hanke, an American economist and professor of applied economics at the Johns Hopkins University in Baltimore, Maryland. The U.S. economy is experiencing a slowdown, raising concerns about a potential recession. Since March 2022, the money supply has dropped by 3.2%, an unusual decline for the U.S. The Federal Reserve's tightening measures could impact the money supply and the path toward recession. As the U.S. approaches an election year, government spending typically increases. However, the Federal Reserve may hold back on aggressive monetary actions despite the growing fiscal deficit. U.S. support for wars in Ukraine and Gaza is focal aspect. Inflation has risen since President Biden took office, affecting voters' views. The administration may increase antitrust policies and protectionism ahead of the elections. Bitcoin is seen as a high-risk, speculative asset, while gold remains a stable, longstanding currency. Pakistan faces political and economic instability following recent elections and the imprisonment of Imran Khan. Economist Professor Hanke supports Khan's economic reform ideas, which could improve Pakistan's economy if enacted. #newwaveglobal #economy #usa #pakistan #pti #imrankhan #stevehanke #appliedeconomics