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Date
Summary
CNBC: Young People Have Never Experienced Inflation Before (clip)
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

Name: Steve Liesman

Employment: CNBC

Position: Senior economics reporter

, Joe Kernen

Name: Joe Kernen

Employment: CNBC

Position: Anchor

, Arthur Brooks

Name: Arthur Brooks

Event
Event location
Link
Not online media
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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