October 28, 2013
JBS CEO Art Thompson’s weekly news video update for Oct. 28 – Nov. 3, 2013.
In this week’s analysis behind the news video, JBS CEO Art Thompson discusses how a recent New York Times article quotes various experts both inside and outside the Federal Reserve as to the need for the Fed to stimulate a higher inflation rate; how older dictionaries correctly define inflation as an undue expansion of a paper money and/or bank credit; how inflation was rampant on both sides of the U.S. Civil War; and how the actual rise in prices for most goods is much higher than the less than 2% annual increase in the Consumer Price Index as measured in August.