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Detailed text transcripts for TV channel - MSNBC - 20110816:19:34:00

the money and throw it down the debt hole, and what is happening is that there is a huge hole in the company and people are deleveraging and throwing money into the hole and it does not show up in the gdp numbers or hiring or con shum shun, and we have to get through the deleveraging process as fast possible and one way to do that is to have higher levels of inflation which reduces the amount of real debt that people have. it does not take out the dollar amount, but it makes the dollar amount worth less. yes, if there was inflation and i owed $800 and now that $100 i owe is now worth $80, that is 20% of economic activity that can go back into the real economy and back into the hd tv screens and the kitchen remodeling and the tuition for my kid s school. and what rick perry or paul ryan says, you do that and try to go to 3% or 4% we are in zimbabwe and hyperinflation and we can t control it, so why shouldn t we worry about that? well, the reason we haven t,

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