Wealthion · Thursday, August 6, 2026
Steve Hanke states that the inflation genie is out of the bottle and not likely to be put back soon. He links this to a steady increase in the money supply over the past 18 months, with the M4 measure growing at 6.7% annually, which is above the range consistent with a 2% inflation target.
“The inflation genie is out of the bottle and and I mean we've we've already lost the war.”
“I think the bond market is going to call call a tin.”
“The money supply broadly measured has has in fact been increasing steadily for about the last 18 months and and now the M4 measure which you can get it from the center for financial stability which is the best measure and the broadest measure is growing at 6.7% per year and that's that's above a range that's consistent with hitting the inflation target of 2% that range would be something like 5 to 6%.”