Rajdeep Decodes US Iran War Economics with Steve Hanke, Implications for Trump, Market Crash

This interview discusses the economic implications of the escalating West Asia war, with reports suggesting the United States spent approximately 1.43 billion dollars in just 72 hours on military operations. Steve Hanke, professor of applied economics at Johns Hopkins University, highlights the significant costs in terms of both resources and lives. He notes that the US is facing a fiscal budget deficit exceeding 6% of GDP, making a prolonged war financially challenging. Hanke points out that oil prices are surging due to the effective closure of the Strait of Hormuz, while global stock markets, including India's, have fallen significantly, resulting in trillions of dollars in losses. He expresses scepticism about the possibility of regime change in Iran, citing historical data showing that 61% of approximately 70 US-attempted regime changes since World War II have failed. Hanke suggests the war is largely driven by Israeli interests and predicts significant political costs for the Republican Party in midterm elections, despite public opposition to the war already being evident in polling. #WestAsiaWar #USMilitarySpending #WarEconomics #itwebvideos #OilPrices #StraitOfHormuz #GlobalMarkets #StockMarketFall #IndiaMarkets #USFiscalDeficit #SteveHanke #JohnsHopkinsUniversity #RegimeChange #Iran #USForeignPolicy #IsraeliLobby #DonaldTrump #RepublicanParty #MidtermElections #Inflation #GasolinePrices #SaudiArabia #RasTanura #Dubai #AbuDhabi #MiddleEastConflict #EconomicImpact #PoliticalCosts #WarCosts #GlobalEconomy #CrudeOil Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video. All you need to do is PRESS THE BELL ICON next to the Subscribe button! India Today TV is India's leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more. Stay tuned for latest updates and in-depth analysis of news from India and around the world! WhatsApp Channel: https://whatsapp.com/channel/0029Va2AnW3JENxxg7OuJv00 Download App: https://indiatoday.link/wHaj Follow us: Official website: https://www.indiatoday.in/ Twitter: https://twitter.com/IndiaToday Facebook: https://www.facebook.com/IndiaToday