Inflation will remain high until 2026; ‘You don’t need a recession to bring down inflation,’ says Ex-Reagan advisor – Arthur Laffer kitconews gold silver economics metals mining investing finance
Reagan’s former economic advisor, Arthur Laffer, expects inflation to continue to accelerate, and to be well outside of the preferred range of 2 percent until 2026. Laffer, who is Founder and Chairman of Laffer Associates, nevertheless believes that inflation can be tamed.“You don’t need a recession to bring down inflation,” said Laffer. “We need tight money, and tax cuts to increase the supply of goods and services.
Laffer spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, at the FreedomFest 2022 conference in Las Vegas. “It doesn’t look like there’s any lid on [inflation],” he continued. “It’s increasing at a faster rate, and there’s nothing out there that would cause me to believe it’s going to slow down.”
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