Well, he was an economic advisor for the previous president, not something I’d want to put on a resume’ !!
Greg Mankiw asks “IS galloping inflation around the corner?”
It’s not only “around the corner”, it’s already here. One, the doubling of the monetary base IS inflation. And unless he missed it, foreign countries and investors are dumping the dollar as fast as possible. The value of the dollar on international markets has plummeted, adding an inflation premium to imported and import dependent goods, most notably gasoline.
At least he can claim one thing: he isn’t an economic advisor for this administration.