John Williams who has long been a believer in hyperinflation tells host Jay Taylor that he projects GDP to be down by 8% in Q-1 and 30% to 40% in Q-2. At the same time, unemployment will rise to levels greater than during the Great Depression. Yet he continues to project a hyperinflationary scenario.
Walter J. "John" Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Government Statistics (shadowstats.com). His early work in economic reporting led to front-page stories in The New York Times and Investor's Business Daily. He received a bachelor's degree in economics, cum laude, from Dartmouth College in 1971, and was awarded a master's degree in business administration from Dartmouth's Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar.