Over the past few years we've lived through a wave of inflation that has left even the understated CPI up 21.7% since 2020. And while the rate of increase has slowed down, it's still not back to the Fed's 2% mandate, and they're already lowering interest rates aggressively.
Factor in that the debt and interest continue to pile up (to the degree that even Jamie Dimon is warning about it now), and there's a good chance there's more inflation coming in our future.
But how bad will it actually get? Is it possible that our political leaders could actually keep borrowing or printing until we actually reach a hyperinflation at some point in the US?
David Morgan of The Morgan Report joins me on the show to talk about what he expects, what's happened in some other cases of extreme inflation, but perhaps most importantly, some simple strategies that you can begin implementing now at little cost to be prepared to navigate whatever level of inflation we get in the future.
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