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Date
Summary
CNBC: Young People Have Never Experienced Inflation Before (clip)
Subjects
Source
CNBC
Name: CNBC
URL: http://www.cnbc.com/
Show
Squawk Box
Name: Squawk Box
URL: http://www.cnbc.com/id/15838368/
Persons
Steve Liesman, Joe Kernen, Arthur Brooks
Name: Steve Liesman
Employment: CNBC
Position: Senior economics reporter
Name: Joe Kernen
Employment: CNBC
Position: Anchor
Name: Arthur Brooks
Event
Event location
–
Link
Not online media
Original recording
Uploaded
07/22/2014 09:23 am
Owner
Tom (staff)
Type
Video
Format
MP4 (426x240)
Use clipper to adjust file type
Duration
0:00:33
Views
1
Purchases
0
Transcript
“The truth is that ░░░░░░░░ people who are in ░░░░░░░░ 20s and 30s and ░░░░░░░░ have never really experienced ░░░░░░░░ sort of inflation so ░░░░░░░░ s no cultural bias ░░░░░░░░ against it On the ░░░░░░░░ anybody who is paying ░░░░░░░░ knows when you have ░░░░░░░░ deflationary threat it s ░░░░░░░░ worse for the economy ░░░░░░░░ it s horrible for ░░░░░░░░ labor markets If you ░░░░░░░░ anything approaching deflation you ░░░░░░░░ more layoffs and that ░░░░░░░░ the kind of environment ░░░░░░░░ tended to be in ░░░░░░░░ truth is that the ░░░░░░░░ suggest based on everything ░░░░░░░░ ve learned over the ░░░░░░░░ 75 years that sooner ░░░░░░░░ later we re going ░░░░░░░░ pay the piper But ░░░░░░░░ don t know how ░░░░░░░░ run room is left.”
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