The inflation rate is likely going to grow faster than the Federal Reserve’s target of 2% this year, and there are already signs from asset prices and commodity prices rising, said Steve Hanke, professor of applied economics at Johns Hopkins University.
0:00 – Money supply is still increasing
6:10 – Higher GDP and inflation expectations
9:40 – Monetary policy response
15:00 – Inflation protection
17:00 – Crude oil
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42 Comments
Steven Hanke Fake Professor
Excellent interview , excellent guest
Spot on!
I believe I am looking at the Irving Fisher of our day. I will be looking for every interview this man does. Thank you for the truth Dr. Hanke.
It sure looks like 2021 is the year to beat 2020 in the crises !
wow ,,,wow , finally some one was able to explain the relationship between " interest rate and inflation" THE MOST PART OF THIS VIDEO STARTS : at 11:40
Money is debt, in effect. To issue new money is to issue new debt. Which is to say, to create more deflatiionary pressure. This dude claims that this somehow would have inflationary effect? It is not logical. Sure, you can simulate inflatioin short term, that is the idea behind running a deficit and borrowing for consumption, people feel richer so economic activity increase. But that trick has deminishing returns. And the Central banks have played that trick many times now. And the debt is pilinig up. Meaning deflationary pressure is pilinig up. Inflation is not coming, at least not this side of insolvency.
I can tell you first hand. Massive inflation is coming. Over the last 6 months We have seen almost a 50 percent increase in Raw materials in the plastic packaging manufacturing business.PP, PE are up Huge
I give it 5 to 6 months till it hits the consumers.
Crazy Times Ahead for sure.
If you're trying to understand how capitalism works, or what to expect in terms of an economic forecast from a mainstream economists, you're going to end up very poor and confused.
What did he say. These people can not speak so most can understand. Common man speaks differently please help us understand your comments
I have 0 growth..so what does that mean?
Make more money, and whatever people saved up will become worthless.
Any arguments?
Money supply increase is not making into households which is not increasing the speed of money, which in turn is what causes inflation. Instead of this is going into assets such as housing and cryptocurrencies as well as the stock market.
What about commodity stocks to hedge against inflation?
It's always for Crypto investors to venture into trading because it is only by trading Cryptos investors can survive bearish periods.
inflation is way up and fraudulent sales are way up too. I would say at least 5 percent of everything I paid never shipped to me from last year.
Let's Jimmy Carter this shit!
28.9% money supply growth according to the "center for financial stability." Does anyone else find this ironic?
Excellent interview. David ask the logical questions as any reasonable person would ask. Great guest. Please interview Prof. Steve Hanke again.
With the COVID crisis destroying the economy, printing money is hiding that destruction by causing a nominal GDP growth number that looks semi normal. But eventually the inflation component comes to bite your behind. I would think that renewing your mortgage at a 10-year fixed rate would be a smart idea right now.
Despite huge money supply increases after 2008, inflation did not occur as this professor might argue it would have.
Why? Other asset classes are inflating – think of Gold and S&P. Will this deflate – definitely!
no steedy up up up up up it to much monrey
inflation will go UP 15% this guy is RIGHT GET READY remember 4 dollar gas
who is this fuc
If inflation goes to 3% and interest rate don't go up, the dollar will crash, gold goes up, if interest rate goes up, bond crash, can't win
Has somebody told Steve Van Metre to take off the crown yet?
Number go up BRRRRR!
I totally understood the questions…
But I soooo didn’t understand the answers…
DAMN‼️
EVERYONE BUY AND HOLD SILVER ASAP WE WILL DESTROY WALLSTREET
Fuck biden
Question: Would an inflationary environment be better for the government to enact student debt relief and pay reparations? I am just wondering because these ideas are being pushed quite aggressively. While I dont want to discuss the morals behind it-
I wonder if it would be less “painful” to do so in an inflationary environment- while appearing to make good on the political promise of social justice?
The professor should study the cause of Weimar’s hyperinflation. Mike Maloney has a great video series that explains it well.
Anybody research Lithium stocks??? Any recommendations?
No disrespect to this guy I'm sure he knows more than I do about economics but just because part of the money supply goes directly to household does not necessarily mean the behavior of the money supply is inflationary if those households choose to pay down debt with it that would be deflationary
Great guest! Tnx!
He's right on. The agricultural commodities price index shows an increase of 43% since March of 2020. That's our food supply and that's NOT included in the 'core inflation rate' which the Fed goes by.
The plan is to expand the debt, then bankrupt the United States, taking all our publicly owned assets for pennies on the dollar, JUST LIKE Soviet Union. We are being played. The public is being robbed. The children are born debt slaves. Very evil. I blame the private, secret, foreign owned US Federal Reserve counterfeiting corporation. We are being played and we will all lose. Trump was played. The people are being played. End the Fed or we end the United States of America as Iraq was ended.
Spend the stimmys?
Where?
The theatres are all closed and dining out is no fun so
nobody I know is still meeting and having Friday and Saturday night on the town.
Plays are shut -down and my kids missed 100 days of Summer at the water parks.
We skipped Disney this year and our family trip to Orient Beach in Saint Martin.
Until the lock – downs end we have very little money velocity.
I can tell you what my family has done with our stimulus. We payed down debt. That is deflationary.
I'm not saying everyone is paying down debt but some will.
Some people will pay backed rent or start an emergency fund. Boomers are entering the period of their lives that they spend less. People are utilizing technology to get education and work remotely. Velocity of money is down. Overseas demand for the dollar will continue. My bet is
Deflationary. Also this stock market is absolutely insane. When this thing pops and people who were millionaires realize they are broke because they leveraged up, it will be catastrophic to people's precieved wealth. Opposite of the "wealth effect". Corporate real estate will get slammed and most can be converted to affordable housing easing the housing markets in high rent areas.
Fear spreading leeches and their media
Everything is about Lying (Controlled Chaos / Convoluted Outcomes) and hysteria (Creating shock and awe trauma) to bring people into The Cashless Society so every transaction is tracked and no one can escape surveillance.
I think asking him about bitcoin would have made him anger lol