John Williams: The Devil’s Choice−Inflation or Deflation

Jim welcomes economist John Williams, Executive Editor at Shadow Government Statistics. John discusses how we face a "devil’s choice" between inflation and deflation, and why he believes that hyperinflation is inevitable by 2014.

John received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth's Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. During his career as a consulting economist, John has worked with individuals as well as Fortune 500 companies. Formally known as Walter J. Williams, his friends call him John. For nearly 30 years, John has been a private consulting economist and, out of necessity, had to become a specialist in government economic reporting.