Going Underground Hosted by Afshin Rattansi
Sep 21, 2026 · 27 min · 9 segments
On this episode of Going Underground, we speak to Steve Hanke, Professor of Applied Economics at Johns Hopkins University. He discusses the Federal Reserve hiking interest rates by 25 basis points…
Steve HankeGuest
Afshin RattansiHost
You don't have to be an Austrian school fan, a fan of Hayek, to be fascinated by your work on CFS Divizier M4 indicators, because Marxists might like it.
Countries all around the world need to study it, clearly, because you've been proven correct this year.
But one scary element, then, is in February 26, February of this year, your Divizier figures looked surprisingly high.
And your figures, they were out of line with other indicators, but they showed something was wrong.
this goes to the heart of the relationship between economics and political decision-making for wars, doesn't it? Because if there's more money supply...
What we're talking about here is to figure out what's going on in the world, it's always good to follow the money.
And what's happened? The money supply was elevated before, and now it's even more elevated after the war.
You know, they've just come out with this report of the Defense Department that, well, you know, the war is costing, you know, $32 billion.
You don't have to be an Austrian school fan, a fan of Hayek, to be fascinated by your work on CFS Divizier M4 indicators, because Marxists might like it.
Countries all around the world need to study it, clearly, because you've been proven correct this year.
But one scary element, then, is in February 26, February of this year, your Divizier figures looked surprisingly high.
And your figures, they were out of line with other indicators, but they showed something was wrong.
this goes to the heart of the relationship between economics and political decision-making for wars, doesn't it? Because if there's more money supply...
What we're talking about here is to figure out what's going on in the world, it's always good to follow the money.
And what's happened? The money supply was elevated before, and now it's even more elevated after the war.
You know, they've just come out with this report of the Defense Department that, well, you know, the war is costing, you know, $32 billion.
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