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

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

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Interactive Video

Business

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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