Cato's Dan Mitchell Debates Inflation on CNBC's The Kudlow Report (3/8/11)

Please rate, favorite and share this video! Jean-Claude Trichet is more hawkish than Fed Chairman Ben Bernanke when it comes to inflation. So who has it right? Cato senior fellow Daniel J. Mitchell joins a panel of contributors on CNBC's The Kudlow Report to debate the topic. The program aired on March 8, 2011.

Category:

News & Politics

Tags:

• dan mitchell
• cnbc
• catoinstitutevideo
• monetary policy
• inflation
• the kudlow report
• ben bernanke
• rick santelli
• sound money
• jean-claude trichet
• commodity prices
• paul volcker

[DyeTyme]

That CNBC anchor is hot, but Dan Mitchell is a whole lot hotter.

[mrdoonbeg]

I missed Dan

[dontblameme100]

@zombiefitnezz Now the way markets are being manipulated today it would be a great idea to just continue to borrow as much as possible, because the inflation rate will be so high it wont matter anyways. I would love to see falling prices but it is impossible until we get a new currency that actually helps reward savings and production... If u think im wrong, please be my guest and keep all of ur assets in FIAT money!

[dontblameme100]

@zombiefitnezz U seem to have it backwards buddy, you NEED SAVERS IN ORDER TO BORROW MONEY IN THE 1ST PLACE MORON!...and how do u get savings? FROM HIGHER INTEREST RATES, DON'T BELIEVE ME? ASK UR PARENTS OR GRANDPARENTS...the problem with the economies of today is that A-holes like u believe spending is the ONLY way to go...this of course is just plain stupid. Unless of course u have a currency backed by nothing and are able to print at will.

[monmon0518]

@tutorturtle Uh...that's kind of the point I was trying to make. Direct your comments to "zombiefitnezz" and "worldnewsbbc1"

[dontblameme100]

@worldnewsbbc1 this is exactly why central banks should not set interest rates...the market should set them...having interest rates reflect the market conditions, like they use to be, would reward savings and production, not fractional reserve banking!

[dontblameme100]

@zombiefitnezz Ask yourself this question...would raising rates in 2008 destroy the economy? The answer is YES!...However, this would have been the correct move for the long term....By not raising rates, what you will now have is a complete collapse of the currency...So, again what would you rather see, a deeper recession (which was and is very necessary) or a complete collapse of the currency you hold? BTW interest rates should be set BY THE MARKET...NOT THE FED!! WE DO NOT NEED A FED!!!

[tutorturtle]

@monmon0518 The FED is a privately owned bank, operating for profit.

The FED is as Federal, as Federal Express.

Why we pay a private bank, to mint our own frickin' money, at interest, is beyond stupidity.

[monmon0518]

@zombiefitnezz Oh really? So who owns the Fed? Is it government owned and controlled, or is it owned by private member banks and operates independent of government?

[monmon0518]

@worldnewsbbc1 And it still wouldn't have been enough. Interest rates should be a lot higher. The idea that you think a private bank should be controlling the money supply, able to issue currency out of thin air, and setting interest rates, is what makes YOU the moron.

[worldnewsbbc1]

@monmon0518 You're a moron. Food and energy prices fluctuate a great deal. Headline inflation was 5.3% in mid 2008. If the Fed followed headline they would have raised interest rates when the economy was crashing at an annualized rate of 6%.

[monmon0518]

"With the reality that people use food and energy more than anything else, isn't it worthwhile to watch inflation in these areas?"

Wow. She's not as dumb as she looks.