For Part 1 of this interview, CLICK HERE
Headline inflation is now at 4.2%, the highest reading since 2008. Steve Hanke, professor of applied economics at Johns Hopkins University, said that this is a 'harbinger' of even more inflation. Hanke told David Lin, anchor for Kitco News, that inflation could run as high as 5% by the end of next year.
0:00 - 4.2% headline CPI...what's next?4:15 - Golden growth rate of money supply6:36 - Money velocity7:50 - Fed's next steps?9:50 - Record deficit13:00 - Is deflation a threat?14:06 - End to "Biden's triumphant march"