Wealthion, Released on 6/30/22
For Part 2 of this interview, CLICK HERE
Inflation remains at a 41-year high and continues to severely pinch households when paying for food, gas and nearly everything else. How much longer will it plague us? And might it get even worse from here? To find out, we welcome Steve Hanke back to the program. Steve is professor of applied economics at the Johns Hopkins University in Baltimore, Maryland — and the last time he appeared on this program, he correctly predicted that America’s Consumer Price Index, or CPI, would hit 9% — which it just did this past month.
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.
Adam Taggart is the Founder of Wealthion. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.
Steve Hanke: Hot 6-7% Inflation To Run Through The End Of 2023? (Part 1/2) added by Herman James on
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Central banks live off of secrecy, deception, and subterfuge. If everyone knew that predicting inflation was as simple as the quantity theory of money equation, they would not be able to profit as much. They need sheep for shearing. That is why they don’t want to put Professor Hanke onto the mainstream news. By the way, I have a Milton Friedman text but have yet to read it. I just need to know it works. Looking at past charts it really works at predicting inflation. Hanke is onto something.