Just as the tariffs didn’t lead to sky-high inflation, the war in Iran is not going to bring insane levels of inflation either. I have been saying th...
Anthony Pompliano argues that expectations of high inflation from US tariffs and the Iran conflict are overstated, noting that markets are beginning to align with his view that neither event will cause extreme inflation.
Background
The author, Anthony Pompliano ("Pomp"), is a prominent Bitcoin advocate and venture capitalist who often makes macroeconomic arguments favorable to crypto. The tweet references two key claims: (1) that tariffs imposed under the Trump administration did not cause the severe inflation many predicted, and (2) that a hypothetical or ongoing conflict with Iran would similarly not be highly inflationary. The image attached likely shows market data (such as breakeven inflation rates or oil futures) he believes supports his view. The account @HayekAndKennes he credits is a market commentary account named after two famous economists — Friedrich Hayek (free-market theorist) and John Maynard Keynes (pro-government intervention) — chosen to imply a balanced, non-partisan analysis. Understanding this tweet requires familiarity with ongoing debates about whether geopolitical shocks (wars, trade disruptions) automatically cause sustained inflation, and with Pomp's broader position that Bitcoin is a hedge against inflation and monetary debasement.