Steve Forbes: Time to Worry About Inflation, Not Hyperinflation
Steve Forbes, Editor-in-Chief of Forbes Magazine, Chairman of the Board of its parent company, and former presidential candidate, joined Jerry to talk about the rising risk of inflation. Steve is the only person to win US Steel’s Crystal Owl award for economic forecasting. He untethers his inner owl for us this week on the question of inflation. Neither a perma-hawk nor a perma-dove, and certainly no Chicken Little, Steve is currently concerned about the inflation outlook and the value of the dollar.
Listen to his commentaries here: The Steve Forbes Podcast, “What’s Ahead”
0:00 – Intro
1:30 – The Fed doesn’t understand inflation
5:26 – What to learn from oil prices
7:40 – Inflation affects more than economics
10:16 – Inflation in Nazi Germany
13:50 – Small amounts of inflation can still do big damage
18:27 – Falling trust in the dollar abroad
21:11 – The pandemic and WWII
27:46 – Anti-Corporate Republicans and big tech
37:10 – Inflation as nationalization
43:28 – Self-governance versus big government
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