Detailed text transcripts for TV channel - MSNBC - 20110203:21:20:00
Well but not precisely. the not precisely part confuses people because people will say well why should printing money necessarily cause food prices to go up and that is the problem with printing money. when you create money out of thin air you don't know where it will go. we saw it go into stocks in the stock bubble, we saw it go into real estate in the real estate bubble and now it's going into commodities and other things. but what it does is it turns the average person into a speculator. it's not just speculation in the futures markets. there's been stories in all the papers about how farme...