Inflation Just Got Lower, What's Next? Economist Steve Hanke's 2023 Forecast
The David Lin Report, Released on 4/12/23
March CPI data was released on Wednesday, April 12, and inflation in the U.S. has declined to 5%. Steve Hanke, Professor of Applied Economics explains why inflation has been coming down and will continue to edge lower.
0:00 - Intro1:05 - Why did inflation come down?6:45 - Quantity Theory of Money10:45 - Interest expenses and inflation12:23 - Excess money and inflation14:10 - Fed Balance sheet and inflation19:30 - Fed pivot and labor market21:55 - Recession outlook22:40 - Gold26:25 - Dedollarization trends33:40 - Hyperinflation
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.
Inflation Just Got Lower, What's Next? Economist Steve Hanke's 2023 Forecast added by Herman James on 04/11/2023View all posts by Herman James ?+'