America's Wealthiest City Is Going Bankrupt, Economist Reveals How | Steve Hanke

Start earning interest in gold: https://Monetary-Metals.com/LinSteve 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/davidcwSubscribe 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/TLTHCProfile at The Mises Institute: https://mises.org/profile/steve-h-hankeFOLLOW 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.1:11 - Mamdani’s economic proposals and affordability7:32 - NYC’s historic affordability and budget crisis12:01 - Is Mamdani actually a socialist?18:35 - Free buses and congestion pricing23:10 - City-owned property26:39 - Grocery stores34:30 - Lessons from Cuba, China, and Russia36:45 - Housing and rent-freezes41:30 - Minimum wage and impact on business46:12 - Mamdani’s fundraising and what NYC will look like 10 years#economy #newyork #mamdani