Ben Stein's bad news about inflation
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Uploaded by CBS on Feb 20, 2011
Ben stein explains why the economic event with the most potential to turn life upside down is not a recession, but inflation.
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@liberteaman Yep he sure was now more than ever , M.P global just went bankrupt and the price of everything is way up ben got schooled by peter to bad , he thought there was a recovery ,some people just can't read between the lines.
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its about to get worse, now wage increases aren't keeping up with inflation increases, which will inhibit consumers from spending.
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* 20 -20% unemployment is not a small percentage. (Don't tell me 9%! That is a tampered number)
*32 million americans with families of 4 making less than 22,000 a year is not a small percentage.
*33% of households not being able to make their mortgage payment is not a small percentage.
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Yup
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I just wish this moron who doesn't even believe in evolution would F-ing CROAK!
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Why is ANYONE still listening to this f'ing retard. He has been wrong about everything in the last 3 years. Go back to your stupid clear eyes commercials. Fag
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China has run up food prices. Political instability has led to higher fuel prices. However, there are few other indicators of inflation.
With banks holding myriads of foreclosed homes, with Greece and other countries close to going belly up, there are more ominous signs that could lead to deflation. The economy is not out of the 2008 woods yet. The spectre of deflation is the real bad news.
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@spark300c Farmers will grown more - the problem is we (American citizens) will not be able to buy the food with our worthless dollars. Our farmers will sell to the people who can pay the most - and that'll be the Chinese. If you have a yard, plant some fruit trees - while you can still afford to buy them...
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PETER SCHIFF WAS RIGHT
liberteaman 1 year ago 18
All the items in this economy that the Government subsidizes are becoming more expensive; energy, food, entertainment, cell phones, yet the government claims that there is no inflation. Ben Stein is no clown. Herb Stein Gertrude Stein are his parents. Calling him a clown isn't quite sufficient. Is there something wrong with doing advertisements, especially if you have credibility and the service is reputable (credit scores). I appreciate his wit .
raycedayze 1 year ago 6