‘Shocking’ inflation now higher than Fed’s target, is ‘harbinger of things to come’ – Steve Hanke (Part 2/2)

Kitco News, Released on 5/13/21

For Part 1 of this interview, CLICK HERE

Headline inflation is now at 4.2%, the highest reading since 2008. Steve Hanke, professor of applied economics at Johns Hopkins University, said that this is a ‘harbinger’ of even more inflation. Hanke told David Lin, anchor for Kitco News, that inflation could run as high as 5% by the end of next year.

0:00 – 4.2% headline CPI…what’s next?
4:15 – Golden growth rate of money supply
6:36 – Money velocity
7:50 – Fed’s next steps?
9:50 – Record deficit
13:00 – Is deflation a threat?
14:06 – End to “Biden’s triumphant march”

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