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Inflation is a real danger

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Glenn Beck and his guest explaining that inflation is what really hurts.

Channel: People & Blogs
Uploaded: November 30, 1999 at 12:00 am
Author: lehi23

Length: 10:59
Rating: 4.14
Views: 6503

Tags: Beck  Economy  Glenn  recession  TV  

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Video Comments

givemethebest (November 30, 1999 at 12:00 am)
Yea they will. The only way to save my house and free up extra money is for the price of everything else to go up then my boss will have no choice but to raise my pay. If Milk costs $5.00 gallon and you make 30 per year then it goes to $10.00 gallon they gave to pay you 60. Thats how it works boy.
atl2maryland (November 30, 1999 at 12:00 am)
jobs wont have dont have to pay shit more just because of inflation. Your imaginary house value will go back up temporarily before it crashes further then what it is now.
givemethebest (November 30, 1999 at 12:00 am)
Good I hope they keep it up! We are barley making the mortgage and our credit cards are almost maxed out. We want to keep our house. These Banks and Realtors are the ones that told us to get in now then gave loans away for next to nothing. I hope the government prints even more. They have to in order to save the economy. How else is anyone gonna be able to buy stuff?
givemethebest (November 30, 1999 at 12:00 am)
I hope they print more money. This bailout was a good thing. We need the inflation to pay off our house and credit cards. And before you go name calling just know that most people are in the same boat. The banks gave the money away so people took it. If Inlfation goes up the jobs will have to pay more then my house value will go back up to where it was 3 years ago.
gizmosells (November 30, 1999 at 12:00 am)
Bet inflation will exceed 10% in 2009. Bernake needs to jam interest rates up, and local state goverments needs to cut spending dramsically. The politcans need to allow to drill,drill ,drill, drill.
jeffedinboro09 (November 30, 1999 at 12:00 am)
inflation is only 5%,!!!!! not even bad
InTheSticks1881 (November 30, 1999 at 12:00 am)
Ron Paul
hatchls1 (November 30, 1999 at 12:00 am)
Money supply leads to credit and there is no need to differentiate supply and demand with money. It will be taken as long as it is there. The demand for credit is infinite thus the demand for money supply is infinite. I agree with your point on workers demanding raises and its cyclic affect on inflation. However this argument is somewhat null because there is no person that will not ask for more even beyond what they need. Runaway inflation causes poverty. bottom line.
stefanboro (November 30, 1999 at 12:00 am)
Therefore as it runs out it's cost rises accordingly. This cost raises the running costs, directly or indirectly, of all operating companies and of course motorists. These costs are passed on to the consumer causing inflation. Workers, feeling their wage is worth less, demand pay rises. Again, if the workforce get this pay rise it will ultimately be a cause of inflation for the second time. I do however take your point that there are special interests within the fed. This needs reforming!
stefanboro (November 30, 1999 at 12:00 am)
I understand your argument however you must pick up any economics textbook and consider the bigger picture of open market economics. We have a simular system here in the UK with regards to money supply. Fractional reserve banking as an example. However, inflation itself is not just about the money supply but about the demand, supply and competition of particular commodities. Example is oil. It has a finite supply. Yet every business is effected by its cost.


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