Jim Rickards Hits Back at Peak Inflation Criticism; Talks Bitcoin Erasing Money
March 29, 2022
In part two of Jim Rickards’ discussion with our Daniela Cambone, the NYT best-selling author said, “inflation can go a lot higher,” because the Fed cannot do anything about supply shortages ranging from food to oil. Real wages are, “negative, they’re going down,” and with rising inflation, people will not spend money elsewhere which can slow the economy further, he asserts. If the Fed continues down its projected path of rate hikes, “then they will cause a recession, it will absolutely happen,” …
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