Detailed text transcripts for TV channel - FOXNEWS - 20140104:22:38:00
One dollar could back in 1913. >> you have to go all the way back to 1913.j paul cryingman will tell you look, inflation is 2% a year. tl historically, that's pretty good. >> this isn't a big mystery, though. the federal reserve has created a lot of money with qe whatever now that we're up to. but the banks are holding most of it back. it's not going into the price level because they're holding it as extra reserves because the feds started paying them interest on their extra reserves. if that gets lent out, then we'll see higher inflation. >> that's a form of robbery. >> explain that to people...
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