🔴 How the Fed Made Billionaires RICHER—And You POORER | Steve Hanke

✅ Executive Summary of the Interview with Steve Hanke on CapitalCosm (July 17, 2025)

Guest: Dr. Steve Hanke – Economist, Professor at Johns Hopkins, Senior Scholar at Mises Institute
Host: Danny, CapitalCosm
Air Date: July 17, 2025
Duration: ~41 minutes

---

🔍 Key Themes & Time Stamps

1. Stock Market Bubble & Speculative Mania

[00:01:59 – 00:03:13]
Hanke highlights an irrational surge in the stock market regardless of economic news. His proprietary "bubble detector" confirms the market is in an extreme bubble phase.