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Hyper-inflation in iran, and we're seeing it on the streets in terms of people's frustrations with that ideological regime. two-thirds of the people in iran want a democracy and we need to do more social media into iran. the persian community around the world needs to broadcast in and continue that dialogue with the next generation of young irans. maria: of course we're also see ing an impact on russia's economy as well mr. chairman good to see you this morning thanks so much. >> thank you, maria. maria: chairman ed royce joining us at the center of the talks over nafta president trump telling...

Purse. it means they can never face bills they can't pay. the financial constraint isn't the relevant constraint. the relevant constraint is inflation. it's do we have the real resources in the u.s. economy, the people and raw materials and machines and factories to do as much as we'd like to do. >> but isn't the problem if you print all of this money, you produce inflation because the expectations of everybody changes. this is what happened in germany in the 1920s which led to hyper inflation, this is what's happened in various latin america countries. aren't you condemning the united states ...

Now? >> here's the thing. we listened to inflation before. we lived in hyper inflation. what did you pay on a mortgage 20 years ago? it's not what you're paying now. so once people get this into their brains and more importantly traders reset their portfolios to reflect those changed assumptions, we might see more calm. on the other hand, if you think this is over yet, maybe not. i think you've got to keep an eye on this. at the end of the day, we could see more volatility. >> shepard: did you see the launch yesterday? spacex? loved it. happened in our hour. the falcon heavy. it can handle mor...

Talking to the smooth talking guy. it does president -- it doesn't seem right. >> i think maybe it is our turn to be a third world country where fear and anger cause us to be lead by an insecure bully. >> and he is entertaining. very entertaining. >> hyper inflation. >> am i the only one who likes trump? >> shillue will get away without saying i don't like hitler. >> are they like nazis. >> ouch. ouch. >> i don't think anybody likes hitler. >> you should see how many i get. >> you will get a lot more. >> why am i dealing with this? as you know every night i got through your phone for the show ...

>> what about inside russia, matt? you've been there many times and interviewed so many of the other people who are now either in prison or threatened or been silenced somehow. he's -- putin is playing as dan suggests, the nationalism card. your economy shrinks by 5% and purchasing power is cut in half. it has to have political consequences. >> two themes in russian history, the stable strong handed czar and other is timeless chaos. basically they have not changed fundamentally economically. this regime knows that its days are numbered, not sure how many days but there's a feeling and panic in...