Global development initiatives. From the National Press club, this is an hour. Good afternoon. And welcome. My name is mark hamrick. I am a former president of the National Press club. I am currently president of the society of American Business editors and writing and Washington Bureau chief with bank rate. Com. The National Press club is the worlds leading professional organization for journalists, committed to our professions future, through our programming with events such as this while working to foster a free press around the world. For more information about the club, please visit the website at press. Org. To donate to programs offered for the public through the Journalism Institute visit press. Org institute. On behalf of our members worldwide i would like to welcome our speaker to those in the audience. The head table includes guests of the speaker as well as working journalist, club members. If you hear applause in the audience, wed note that members of the general public at
Thank you so much for taking the time to do this interview. I wonder if we could just start it really broad because your book obviously is about pressing topic of the day inflation and you define inflation a little bit differently in the book then its traditionally i think talked about here in america, and i wonder if you could just go through your definition and how how it differs from other definitions. Well really as we explained in the book, there are two kinds of inflation nonmonetary and monetary the nonmonetary kind which affects prices would be an event like such as a drought or the lockdowns that we had during covid or the war now undergoing in ukraine, which is affecting Food Supplies and Energy Supplies those kinds of events can send up prices. We underestimated for example with the covid lockdowns how intricate those supply chains were and have huge disruption sending up prices. Those are the non very kind of inflation though if they have authorities allow it will eventuall
Cspan is americas network. Unfiltered, unbiased, word for word. If it happens here or here or here, or anywhere that matters, america is watching on cspan. Powered by cable. Host hi, mr. Forbes. Thank you for taking time to do this interview. I wonder if we could just start it really broad because your book obviously is about pressing topic of the day, inflation coming you define inflation a little bit differently in the book than it is traditionally i think talked about here in america. I wonder if you could go through your definition and how it differs from other definitions . Guest well, really as we explain in the book there are two kinds of inflation, nonmonetary and monetary. The nonmonetary kind which affects prices would be an event like such as a drought or the lockdowns we had during covid or the war now undergoing in ukraine, which is affecting Food Supplies and energy supplies. Those kinds of events can send up prices. We underestimated, for example, with the covid lockdown
Hi mr. Forbes. Thank you so much for taking the time to do this interview. I wonder if we could just start it really broad because your book obviously is about pressing topic of the day inflation and you define inflation a little bit differently in the book then its traditionally i think talked about here in america, and i wonder if you could just go through your definition and how how it differs from other definitions. Well really as we explained in the book, there are two kinds of inflation nonmonetary and monetary the nonmonetary kind which affects prices would be an event like such as a drought or the lockdowns that we had during covid or the war now undergoing in ukraine, which is affecting Food Supplies and Energy Supplies those kinds of events can send up prices. We underestimated for example with the covid lockdowns how intricate those supply chains were and have huge disruption sending up prices. Those are the non very kind of inflation though if they have authorities allow it