What has to happen to reign in inflation

Ted Thatcher, President of Bright Lake Wealth Management, shares his thoughts.

Transcript

00:00I think to get inflation under control, ultimately, we need clean supply chains. I think

00:07the talking point that we are not all beneficiaries from world trade, it just isn't the case.

00:15We all benefit. It's not a zero-sum game when the United States exchanges goods and services

00:23with China. The more free trade we can get, the more price flexibility on the downward side that

00:33we will continue to see. In order to get inflation down, I think we have to have that free trade

00:38permeate. That doesn't mean that tariffs can't be used strategically for things like energy and

00:45silicone chips and maybe even weapons manufacturing and some of these concerning,

00:51more national security-focused issues. But for the average American, I don't know a lot of

00:58average Americans that are wanting to go on a supply line and assemble iPhones. I think that

01:03we all benefit in a world economy when we exchange in that way.