WTFinance: Has the Fed Lost Control of Inflation?

In a recent episode of the WTFinance podcast, host Anthony Fatseas sat down with Professor Steve Hanke, a renowned economist known for his expertise in applied economics and the quantity theory of money. Their conversation was both enlightening and alarming, as they delved into the persistent inflation challenges facing the United States, the implications for monetary policy, and the broader geopolitical economic climate. The discussion also touched on global inflation trends, particularly in Venezuela and Iran, offering a comprehensive view of the current economic landscape. Professor Hanke expressed significant concern about the inflationary pressures currently plaguing the United States. Despite…