Why more inflation is right around the corner

National Review/Steve H. Hanke

Repost from 4-20-2021

chalboard showing inflation pattern as chart with symbols for various currencies“Over a 6–18-month period after a monetary injection occurs, economic activity will pick up. Ultimately, the prices of goods and services will increase. That usually takes between 12 and 24 months after the original monetary injection. Given this sequence, it’s as clear as the nose on your face that we’re going to see more — perhaps much more — inflation entering the system in the coming months.”

USAGOLD note: Hanke, an economics professor at Johns Hopkins University, is well-known for his analysis of the effects of currency debasement on economies. He says the recent CPI increase of 2.6% annualized (.6% month over month) is “simply a harbinger” of things to come.

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