To Survive the Upcoming Recession, the U.S. Should Copy China

Two weeks ago, the China Academy hosted a conversation with Professor Steve Hanke, which we produced as a three-part video series. In this episode, Professor Hanke discusses how the Federal Reserve’s monetary policies have influenced U.S. election outcomes and may potentially push the U.S. economy into recession. He expresses concern about the current money supply in China, noting that it is below Hanke’s golden growth rate. However, he acknowledges that China managed its monetary supply effectively during the 2008 financial crisis.