Part 12/13:
In conclusion, Hanky emphasizes that the combination of slow money supply growth, regulatory constraints, regime uncertainty, and fiscal irresponsibility pose significant risks to the U.S. economy. He warns that without reforms—such as easing certain banking regulations, adopting policies to stabilize the money supply, and controlling government spending—the nation could face a prolonged period of stagnation or recession.
He advocates for a return to fundamental economic principles, emphasizing the importance of understanding accounting identities, market fundamentals, and the need for responsible policy-making rooted in sound analysis.