Prof. Steve Hanke: Inflation In the US Will FALL, Trump’s Tariffs WON’T Cause Inflation to Rise
By Going Underground
Prof. Steve Hanke: Inflation in the US will FALL, Trump’s tariffs WON’T cause inflation to rise
There’s a lot of talk that the Trump tariffs will cause inflation to go up, that’s not the case. Inflation is determined by changes in the money supply. So looking at the money supply right now in the US, the stock of money, M2, is lower now than it was in the summer of 2022. That means inflation will continue to go down.’
– Prof. Steve Hanke on the state of the US economy and Donald Trump’s tariffs
Original source: https://rumble.com/v6rf3vq-prof-steve-hanke-how-the-us-federal-reserve-made-inequality-explode-with-in.html
