Steve Hanke(@steve_hanke):Roth Capital's chief economist Michael Darda just said: "The Fed is Lost." I AGREE. The US money supply (Divisia M4) is growing at 7.4%/yr, ABOVE Hanke's Golden Growth Rate of 6.3%/yr, a rate consistent with hitting the Fed's 2% target. THE INFLATION GENIE = OUT OF THE BOTTLE.

Steve Hanke

@steve_hanke

Professor of Applied Economics @JohnsHopkins | Senior Contributing Columnist @Fortune | FX & Commodity Trader | Reagan White House | Views are my own

Joined October 2012

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Steve Hanke@steve_hanke

2026.11.11 12:30

Roth Capital's chief economist Michael Darda just said: "The Fed is Lost." I AGREE. The US money supply (Divisia M4) is growing at 7.4%/yr, ABOVE Hanke's Golden Growth Rate of 6.3%/yr, a rate consistent with hitting the Fed's 2% target. THE INFLATION GENIE = OUT OF THE BOTTLE.