The economist who correctly predicted today’s inflation is now warning that there’s more to come.
Hundreds of economists employed by the Federal Reserve were apparently blindsided by the current wave of inflation.
Meanwhile, there were economists who got their predictions right.Not only have they got the overall inflation number right, but they also explained why so many others got it wrong.Based on their calculation, they expect inflation to continue, though somewhat diminished, for perhaps two more years.“At the end of this year, I don’t see how inflation … can be less than 7 percent,” said one of the economists, Steve Hanke, […]
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