Top economic historian Niall Ferguson, Milbank Family Senior Fellow at the Hoover Institution at Stanford University, joins CNBC at the Ambrosetti forum to discuss the outlook for U.S. inflation and geopolitics.
Niall Ferguson: Inflation could repeat 1960s, when the Fed lost control
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Inflation never stops!
I am so sick of these liars. The inflation back then is from common prosperity. We have experienced stagflation since the removal of the gold standard
Stagflation all over again. Fed Chair Arthur Burns in the ’70s blamed El Niño, the OPEC embargo, everything else BUT inflation for rising prices – He ultimately conceded 3 years later that he was wrong and that the rising prices were because of inflation, too late to do anything about it. For anyone on fixed income, this is destroying your purchasing power.
CNBC, congratulations for helping Biden get elected you must be so proud
Why do you say th , just curious ?
Does Niall know of the Limits to Growth study?
so is interest rate for mortgage going up or not in the next year? is rent going up or down?
We’ll see inflation but it will simply hasten the great reset which is a global power grab and a currency reset to write down the debt. Inflation has always been governments best friend to reduce debt but the balance sheet liabilities of government are now beyond the remit of this tool.
Niall Ferguson is full BS..
Overeducated…. They’ve printed too much money. Inflation is an increase in money supply. Higher prices are its result.
..slight correction Doc…it’s an increase in fiat money supply…