Inflation surges to highest level in 30 years, Biden is about to press ‘panic button’ – Steve Hanke

Sharing is Caring!

Kitco News, Released on 11/10/21

Inflation surges to the highest level in 30 years, with headline CPI at 6.2% and core CPI at 4.6%.

Steve Hanke, professor of applied economics at Johns Hopkins University, discusses with David Lin, anchor for Kitco News, the implications for investors of higher inflation.

0:00 – Inflation
8:40 – Biden’s Infrastructure Bill
11:10 – Government response
15:46 – Biden’s “panic button”
19:00 – Gold sentiment

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.

See also  Omicron Covid variant will make inflation worse, Mohamed El-Erian says
See also  New Zealand interest rate hike raises pressure on central banks over inflation
360 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.