Dear Friends,

Following is a link to a podcast of an interview I had with Trish Regan on American Consequences.  I discussed the dangers of inflation, and the need to tackle it rapidly so it doesn’t turn into a more serious problem of stagflation or hyperinflation as we experienced in the late 70s and early 80s in the US.  I also point out that the inflation problem is not unique to the US; it is also a  problem for the UK, continental Europe and other countries as well.  The time for action on reducing inflation and rising prices is now, before it becomes embedded in the expectation levels of the population.