Fed Dangerously and Wrongly Ignoring Money Supply Warns Inflation Expert Steve Hanke

Stansberry Research, Released on 2/11/22

“Inflation is permanent, not temporary,” explains Steve Hanke, Applied Economics professor at Johns Hopkins University and former Senior Economist on President Reagan’s Council of Economic Advisers. “You want to be in commodities and completely away from nominal bonds,” Hanke tells our Daniela Cambone, when asked about positioning for tribulations to come. “The markets are in line with the Fed, and are completely mispriced,” he says. “As we see turmoil and persistent inflation, I see a bull-leg coming for gold,” Hanke states and also positions for, “long lithium.” “The fundamental value for bitcoin is zero,” and ultimately competitors while drive it there, he concludes.

Steve Hanke is an American applied economist at the Johns Hopkins University in Baltimore, Maryland. He is also a senior fellow and director of the Troubled Currencies Project at the libertarian Cato Institute in Washington, DC, and co-director of the Johns Hopkins University’s Institute for Applied Economics, Global Health, and the Study of Business Enterprise in Baltimore, Maryland. Hanke is known for his work as a currency reformer in emerging-market countries. He was a senior economist with President Ronald Reagan’s Council of Economic Advisers from 1981 to 1982, and has served as an adviser to heads of state in countries throughout Asia, South America, Europe, and the Middle East. He is also known for his work on currency boards, dollarization, hyperinflation, water pricing and demand, benefit-cost analysis, privatization, and other topics in applied economics. Hanke has written extensively as a columnist for Forbes magazine and other publications. He is also a currency and commodity trader.

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