'Abolish Central Banks' - GOLD to $7,000, Dollarization Next? | Steve Hanke

Описание: 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.

*This video was recorded on February 26th, 2026
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TIMESTAMPS:
00:00 – Intro
01:16 – From Iowa Farm to Monetary Powerhouse
03:28 – Trading at 10 and the Oil Crash Call
07:14 – Economist Trader Crisis Adviser
08:09 – Interventionism Takes Over the West
15:29 – The Hong Kong Model No Money Printing
24:30 – Argentina’s Fatal Monetary Flaw
29:45 – 242% Hyperinflation Crushed
33:09 – Why Politicians Love the Printing Press
34:19 – Dollarization The End of Discretion
35:52 – Argentina Venezuela Lebanon Next?
38:01 – Crisis Creates Reform
43:44 – Gold to $7,000 Secular Bull
46:30 – Silver Volatility Explained
51:00 – Stability Hard Work Humility
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WHERE TO FIND STEVE HANKE
Twitter: https://x.com/steve_hanke?lang=en
Website: https://mises.org/
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