Rob expects inflation to accelerate dramatically. I asked him to join me to talk about the current level of inflation and the sovereign treasury and central bank tactics that have been used to prevent hyperinflation to date. Given the extraordinary monetary and fiscal interventions underway, what are the tactics now available to offset a rapid acceleration of inflation? We connect the dots between policies such as lab grown meat, the whacky “new green deal” and $7 trillion spent in the Middle East wars to the challenges of managing inflation.
There is no doubt that trade wars and “slowbalization” raise the likelihood that foreigners will send dollars back to the United States. Rob and I touch on some of the wildcards that could offset extreme inflationary pressure in the future – including war and breakthrough energy.