Show Notes
Millions of Americans are still feeling the pinch of high gas and grocery costs. Mortgages rates have climbed to a high of 8% for 30 years, and credit card rates and balances are impacting the ability to absorb the new cost of living. We’ve been talking about inflation for several years now, but we’ve never had a chance to discuss it with a true titan of finance and media until now.
Today, we’re talking to Steve Forbes, chairman and editor-in-chief of Forbes Media. Steve has a fantastic new book titled, Inflation: What It Is, Why It’s Bad and How To Fix It.
In this episode, Steve shares unparalleled insights into our current economic landscape. He explains what inflation is and how it’s impacting the average household, why he believes the Fed’s behavior has us stuck in a rut, and ways we can get ourselves out of it.
In this podcast interview, you’ll learn:
- The difference between non-monetary and monetary inflation.
- Why Steve sees the Fed’s behavior as strange, unproductive, and arbitrary.
- How continuing to borrow money drives the deficit out of control, drives prices higher, and further devalues the dollar.
- Why Steve believes we need to stabilize the dollar and innovate to rebuild our infrastructure.
- Ways to position your portfolio to best navigate tough economic times.
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