You need to be logged in to view this video

Inflation: The Disease Biden, the Fed, and Congress Don't Know How to Fight

Released on Wednesday, June 22, 2022•MARKETS

Share
Facebook Twitter LinkedIn SMS

As inflation surges, a desperate political class may resort to price controls, which do more harm than good. The Fed may panic and back off the inflation fight as the economy slows and foreign currencies plummet.

There are two simple ways to fell inflation—but power holders don't want to hear them.

Steve Forbes

Forbes Media, Chairman and Editor-in-Chief

Steve Forbes is chairman and editor-in-chief of Forbes Media. His newest project is the podcast "What's Ahead," where he engages the world's top newsmakers, politicians, and pioneers in business and economics in honest conversations meant to challenge traditional conventions as well as featuring his signature views on the intersection of society, economy, and policy. Mr. Forbes helped create the highly acclaimed public television documentary, In Money We Trust?, which was produced under the auspices of Maryland Public television. The film was inspired by the book he co-authored, Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It. His latest book is Inflation: What It Is, Why It's Bad, and How to Fix It, co-authored by Elizabeth Ames and Nathan Lewis. Mr. Forbes writes editorials for each issue of Forbes under the heading of "Fact and Comment." A widely respected economic prognosticator, he is the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by US Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate. In both 1996 and 2000, Mr. Forbes campaigned vigorously for the Republican nomination for the Presidency. Key to his platform were a flat tax, medical savings accounts, a new Social Security system for working Americans, parental choice of schools for their children, term limits, and a strong national defense.