Former Reagan Advisor Thinks U.S. Economy Is On A Dangerous Path, But Still Likes These 3 Investments
In a recent interview on the Sachs Realty YouTube show, Steve Hankey, a former senior economist on President Reagan’s Council of Economic Advisers, shared his thoughts on the current state of the U.S. economy and the investments he recommends in light of the potential challenges ahead.
Hankey, who has taught economics at Johns Hopkins University and served as a senior adviser to the Joint Economic Committee of the U.S. Congress, believes that the Federal Reserve’s actions have played a significant role in the recent inflation surge. “The Fed currently poo-poos the quantity theory of money,” Hankey said, adding that “they don’t even look at the money supply. That’s not in the models they use.”
According to Hankey, this oversight led to the Federal Reserve “flying…
