Remove your personal information from the web at https://joindeleteme.com/DAVIDLIN, use code DAVIDLIN for 20% offSteve Hanke, Professor of Applied Economics at Johns Hopkins University, explains that banks create money from nothing through loans, warns of an asset bubble fueled by irrational excitement, doubts government data amid huge job revisions, and predicts a slowdown from stagnant money supply.Watch Steve's last interview with David: https://www.youtube.com/watch?v=FSvwk9T2fF4*This video was recorded on August 9, 2025.Subscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW STEVE HANKE: X (@steve_hanke): https://x.com/steve_hankeCapital, Interest, And Waiting: https://shorturl.at/jBed6Making Money Work: https://shorturl.at/TLTHCFOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at [email protected]*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.0:00 - Intro.1:55 - Money creation and money supply6:25 - Debunking fractional reserve banking12:50 - Mechanics of bank loans and money supply expansion16:52 - Reserve ratios, regulations, and hyperinflation risks21:33 - Fiat system vs. gold standard25:08 - Credit for asset purchases and boom-bust cycles30:13 - Current asset bubble and irrational exuberance33:45 - Bitcoin, global m2, and speculative frenzy38:00 - July jobs report and revisions42:38 - Skepticism of government data and economic observations44:35 - Reecssion prediction and money supply slowdown46:24 - The Fed#economy #investing #money