David Stockman, director of the Office of Management and Budget during the Reagan Administration and author of The Great Money Bubble: Protect Yourself from the Coming Inflation Storm. He also has served as managing director at Wall Street firm Salomon Brothers and as a member of the US House of Representatives.
Inflation surged above 9% recently, its highest rate in more than 40 years. Household budgets are being strainedā¦savings are being…