Palisades Gold RadioMay 3, 2022 Tom welcomes Professor of Applied Economics Steve Hanke to the show. He discusses learning the intricacies of the commodity markets at a young age and over his extensive career. Gold tends to have a fairly steady interest, particularly since the closing of the gold window in 1971. Gold in one way or another will always be a part of the international financial system. The economics profession considers 50% inflation and up as the textbook definition of hyperinflation. There have been sixty-two such hyperinflations throughout history. They always occur when fiscal deficits become very large, and…
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