Steve Hanke, professor of Applied Economics at Johns Hopkins University, has accurately predicted that inflation in the U.S. will reach 6% to 9%.
With the latest headline CPI release coming in at 9.1%, Hanke told David Lin, Anchor for Kitco News, that inflation has peaked for now.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Steve Hanke on Twitter: @steve_hanke (https://twitter.com/steve_hanke)
Hanke-Cofnas Gold Sentiment Index: https://www.thegoldsentimentreport.com/
0:00 – Peak inflation
4:30 – The Price Is Right
9:45 – Living standards vs. inflation
12:30 – GDP forecast
14:19 – Inflation relief checks
18:00 – Europe’s response to inflation
21:45 – No such thing as a ‘free lunch’
25:00 – Scandinavian living standards
28:22 – Quantity Theory of Money
32:00 – Money velocity
35:28 – Taxes vs inflation
41:00 – Price control
43:29 – Gold sentiment index
#inflation #economy #recession
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