Steve Hanke, Professor of Applied Economics at Johns Hopkins University joins John Cochrane, Senior Fellow at the Hoover Institution of Stanford University, in discussing the root causes of inflation, and how high inflation will likely be in 2023.
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0:00 – Recession in 2023?
10:00 – Monetary vs fiscal theories of inflation
13:15 – Definition of inflation
18:51 – Liquidity trap
30:00 – Deficit and inflation
35:00 – Money supply and inflation
43:00 – Did the Fed act too slowly?
49:00 – Did lockdowns cause inflation?
52:00 – Putin Price Hike
53:42 – Outlook on inflation
1:04:00 – How to prevent inflation?
1:06:00 – Why does the Fed have 2% inflation target?
1:08:00 – NAIRU
#inflation #economy #recession
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