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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.”
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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