Episode 1413 • • 1:07:25 - 1:09:39
1413: Flurona
Thomas Hoenig, Quantitative Easing, Inflation Warning
Former Kansas City Fed President Thomas Hoenig is highlighted for his 2010 warnings against quantitative easing. Hoenig predicted that flooding the world with dollars would lead to massive inflation and a future market crash that would devastate retirees' 401k plans. Current economic data shows grocery prices and transportation costs rising at rates not seen in decades.