Economist who called 9% inflation has this grim forecast for what's next - Steve Hanke

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 (  / davidlin_tv  )
Follow Kitco News on Twitter: @KitcoNewsNOW (  / kitconewsnow  )
Follow Steve Hanke on Twitter: @steve_hanke (  / 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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