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Detailed text transcripts for TV channel - FOXNEWS - 20130722:05:38:00

The currency has lost its value. it takes $23 to buy today what 1 dollar could back in 1913. john: and had to go all the way back, paul krugman would tell you that inflation is 2%. but this isn t a big mystery. they started paying interest on the extra reserves. if that actually gets went out, then we will see higher prices. it is a serious issue. you can get a return on your money anymore for savings. that is precisely what we are discouraging. john: let s go back to the rome parallel. they traded and they prospered ....

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Detailed text transcripts for TV channel - FOXNEWS - 20130722:02:38:00

Lost value. it takes $23 to buy today what $1 could in 1913. wha when the federal reserve was created. you have to go all the way back to 1913. paul krugman will tell you what, inflation is, what, 2% a year historically. that s pretty good. this isn t a big mystery, b though. the federal reserve has created a lot of money with qe whatever we re up to. the banks are holding most of it back. it s not going into the price level because they re holding it as extra reer was because the k tr# that s length out, we ll t higher price inflation. ts that s a form of robbery, actually. explain that to people. yeah. it s a serious issue. you can t get a return on your s money anymore from saving. really, you can t sustain prosperity without saving and s investment. that s precisely what the policies are discouraging. let s go back to the rome parallel. freele trade rule, they prosper ....

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