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South Carolina Business Review

Local economist says inflation is coming

By Mike Switzer
Published March 31, 2026 at 8:14 AM EDT
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Frank Hefner, Director Office of Economic Analysis and Professor of Economics at the College of Charleston
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Frank Hefner, Director Office of Economic Analysis and Professor of Economics at the College of Charleston

The Trump administration’s war foray has thrown economies across the world into a lurch. Our state has been doing great since the pandemic lurch but how will we fare this time? Mike Switzer interviews Frank Hefner, Director Office of Economic Analysis and Professor of Economics at the College of Charleston. Resource mentioned: The Wealth of Nations by Adam Smith

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Mike Switzer
After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.
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