“We have not witnessed regime uncertainty since Franklin Delano Roosevelt and the New Dealers in the 1930s,” Hanke said.

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Steve Hanke is a Distinguished Senior Scholar at the Mises Institute and a Professor of Applied Economics at the Johns Hopkins University. He can be followed on X @steve_hanke.

The current level of government deficits will either result in inflation or an unsustainable debt burden, economists say, depending on how the government funds them. 

“There are only two ways you can finance a deficit,” Steve Hanke, economics professor at Johns Hopkins University who served on President Ronald Reagan’s Council of Economic Advisers, told The Epoch Times. 

In the case of Trump’s strikes on Iran, these actions should not only be scrutinized by their disregard for congressional checks and balances, but also and more importantly for their economic and human costs, as well as their implications for state power and individual freedoms.

Recent headlines tell us Ukraine managed to sneak trucks inside Russia close to five Russian air bases—one as distant as Siberia—then launched first-person-view drones to attack military assets, including Russian bombers. According to Politico,

Last week, democratic socialist Zohran Mamdani pulled off an upset and beat the establishment’s preferred candidate, Andrew Cuomo, in the Democratic primary for New York City’s mayoral election.