Rajdeep Decodes US Iran War Economics with Steve Hanke, Implications for Trump, Market Crash

Описание: This interview discusses the economic implications of the escalating West Asia war, with reports suggesting the United States spent approximately 1.43 billion dollars in just 72 hours on military operations. Steve Hanke, professor of applied economics at Johns Hopkins University, highlights the significant costs in terms of both resources and lives. He notes that the US is facing a fiscal budget deficit exceeding 6% of GDP, making a prolonged war financially challenging. Hanke points out that oil prices are surging due to the effective closure of the Strait of Hormuz, while global stock markets, including India's, have fallen significantly, resulting in trillions of dollars in losses. He expresses scepticism about the possibility of regime change in Iran, citing historical data showing that 61% of approximately 70 US-attempted regime changes since World War II have failed. Hanke suggests the war is largely driven by Israeli interests and predicts significant political costs for the Republican Party in midterm elections, despite public opposition to the war already being evident in polling.

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