between Kitco News anchor Michelle Makori and Michael Wilkerson, founder of Stormwall Advisors, Wilkerson expressed his expectation of another surge in U.S. inflation. While acknowledging that his view is in the minority, Wilkerson emphasized that “inflation doesn’t move in a linear path; you do see some cycling.”“I don’t believe we’ve seen the end of inflation and I do think we’re gonna see another spike up,” Wilkerson said during his interview.
Wilkerson explained how the M2 money supply has grown since 2008 and has further ballooned during the Covid-19 pandemic. As the executive of Stormwall Advisors and author of “Why America Matters: The Case for a New Exceptionalism,” Wilkerson asserted that the increase in the money supply inevitably results in an accompanying increase in prices, as evidenced by historical patterns.
“The Fed is going to run out of firepower,” Wilkerson told Makori. “Ultimately, this becomes a trade-off between tamping down on inflation, slaying the inflationary dragon, and allowing recession and unemployment to rise. And governments, always and everywhere, choose inflation,” he added. Several analysts and economists believe, however, that inflation will decrease this year. For example, economist
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