Wharton's Siegel Sees Inflation Return, Strong Consumer Spending in 2021

The transcript discusses the potential boom in consumer spending despite a reduction in corporate spending, highlighting the influence of Milton Friedman on monetary theory. It analyzes the significant increase in the M1 money supply since March, comparing it to the post-Lehman crisis period. The speaker predicts inflation and strong consumer spending in 2021-2022, despite not all jobs returning, due to the accumulated money in people's accounts.

What factors does the speaker mention that could affect consumer spending in 2021?

What is the speaker's prediction about inflation in the coming years?