Why Living Standards Are About To Collapse, Says Economist | Steve Hanke

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Start earning interest in gold: https://Monetary-Metals.com/Lin Steve Hanke, Professor of Applied Economics at Johns Hopkins University, warns that New York's new mayor's plans for free buses, rent freezes, and $30 minimum wage will bankrupt the city and hurt the people they are meant to help. Watch Prof. Hanke's previous interview with David: https://www.youtube.com/watch?v=2IJxt4xlXQc *This video was recorded on November 19, 2025. To get 5% off of your CoolWallet purchase, use my link: https://www.coolwallet.io/discount/davidcw Subscribe to my free newsletter: https://davidlinreport.substack.com/ Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34s Listen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-report FOLLOW STEVE HANKE: X (@steve_hanke): https://x.com/steve_hanke Capital, Interest, And Waiting: https://shorturl.at/jBed6 Making Money Work: https://shorturl.at/TLTHC Profile at The Mises Institute: https://mises.org/profile/steve-h-hanke FOLLOW DAVID LIN: X (@davidlin_TV): https://x.com/davidlin_TV TikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tv Instagram (@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. 1:11 - Mamdani’s economic proposals and affordability 7:32 - NYC’s historic affordability and budget crisis 12:01 - Is Mamdani actually a socialist? 18:35 - Free buses and congestion pricing 23:10 - City-owned property 26:39 - Grocery stores 34:30 - Lessons from Cuba, China, and Russia 36:45 - Housing and rent-freezes 41:30 - Minimum wage and impact on business 46:12 - Mamdani’s fundraising and what NYC will look like 10 years #economy #newyork #mamdani