Scott Galloway Argues Trump and Putin Created Inflation: ‘Sophomoric Intellectually to Blame Biden’ – By Alex Griffing (Mediaite) / Oct 7, 2022
Scott Galloway, author and clinical professor of marketing at the New York University Stern School of Business, discussed takeaways Friday from the third quarter on his tech and business podcast with Kara Swisher, Pivot.
Galloway explained why on the “demand side,” he believes former President Donald Trump is to blame for the inflation in the U.S. right now, but offered a rosy outlook for inflation coming down faster than expected in the next six months or so.
“Anyway, another big story this past quarter, inflation Q3 open with inflation on the rise, but it fell slightly through July and August. Now, who knows? Joe Manchin surprised everyone, the sudden pivot and Congress passed the Inflation Reduction Act in August and September the Fed raised rates again and now OPEC,” Swisher began, referencing the decision this week by OPEC to cut oil production, which is expected to increase gas prices.
“So I’m not sure where I’m in a soft landing. Can inflation be tamed at all? And if inflation is is too much money, chasing too few goods is the answer. More goods? I don’t know. What do you think about this?” Swisher then asked Galloway.
