Record Inflation Levels Are Coming With No Growth, ‘The Worst of All Worlds’ – Steve Hanke

• Kitco NEWS
  The inflation rate will reach 6% to 9% by year-end, said Steve Hanke, professor of Applied Economics at Johns Hopkins University. Speaking with David Lin, anchor for Kitco News, Hanke said that in a low growth environment, this represents the “worst of all possible worlds.”
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  0:00 – Phillips Curve
  4:00 – 6-9% inflation by year-end
  4:50 – What is causing inflation?
  6:42 – Labor market and wages
  9:08 – Effects of stagflation
  10:20 – Methodology for measuring CPI
  16:10 – Gold sentiment

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