Papantonio: Inflation is a Good Thing

[GoLeft TV]

Run time: 04:56 https://www.youtube.com/watch?v=BJ_JYdSbR8s   Posted on YouTube: December 16, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: December 16, 2009 By DU Member: GoLeft TV Views on DU: 350

 
While some folks are predicting the end of times based on a moderate rise in inflation, others are keeping cool. As numerous economists have pointed out, including some Nobel Prize winners, moderate inflation is actually good for the economy. Mike Papantonio appears on Fox Business to set the record straight about the moderate inflation we're now seeing.

[uberllama42]

1. The Weimar Republic was a cheap shot

I can think of two more recent examples of runaway inflation since then off the top of my head: Zimbabwe in the last five years and Venezuela in the 1990s.

Also, just about everything they say on Fox is a lie.