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Prof. Steve Hanke: ‘The inflation genie is OUT of the bottle in the US, and is here to STAY.’ ‘The US bond market is in a real slump, but it doesn’t really have that much to do with the Federal Reserve’s interest rate. It has to do with the money supply and what’s going on with the money supply. And if you broadly measure it with what’s called Divisia M4…that’s running hot. Last year, It was running at 5.4% annual growth, and now it’s running at 7.9% annual growth. So it’s going up. It’s surging up. And to have a monetary growth rate consistent with hitting a 2% inflation target, Hanke’s golden growth rate is 6%, or a little bit lower than 6%. So they’ve exceeded that and the whole thing is accelerating. So this means that the inflation genie is out of the bottle and it will stay out of the bottle, because once you change the rate of growth in the money supply, there’s a lag between that change and the time inflation kicks in. So we’ve had this increase, and that means that the inflation is going to be around for a while. Simply because there’s a lag between those increases and the inflation rate.’ —@steve_hanke joins us for Monday’s episode of Going Underground Don’t miss it, follow our Rumble channel, link below in the replies 👇