Inflation: Turning America Into a European Economy

You know inflation’s a genuine concern when even Warren Buffett’s worried. Everyone seems to acknowledge that prices in America are rising except Team Biden. The Fed thinks they’ll wave some magic wand, and inflationary measures will disappear -- but their only real option is raising rates, which will have a disastrous effect on our nation’s finances. Daniel Lacalle, Chief Economist at Tressis, discusses the lessons learned from the European Union on how big government and massive spending are toxic for economic growth -- and how to avoid their missteps. The two also discuss demystifying FDR, the rising corporate and capital gains taxes, and China’s bid to succeed us as home to the world’s reserve currency.