Hello everybody and thank you for tuning into the Liberty Report with us today is Chris

Rosini our co-host Chris welcome to the program.

Happy Friday great to be with you Dr. Paul.

Very good and we're going to be talking about what everybody else is talking about but

what everybody else is saying about this subject I think it's very confusing and of course

we're going to do our best to make it less confusing and explain why it indeed deserves

a lot of attention and that is the issue of inflation and we all know that the Fed loves

inflation even more than they admit they would never tell us the truth on their whole

life depends on it the whole stock market depends on the welfare state depends on inflating

the currency and putting in the money and taking government debt and monetizing it I mean

that's what they live for but they have some silly notions about economic growth some of

them still believe the Keynesian myth that economic growth comes when prices are going

up and even if the price is going up means the dollars being devalued but when the prices

are going up the economy is healthy it's a mistake to think that think about Venezuela

prices are going up very well and their central bank is printing they're printing a lot

of money but they're not having much economic growth so that's a bunch of nonsense

but I think that most people remember I'm sure you remember Chris listening to the Federal

Reserve Board chairman these last several years maybe four or five years because they were

inflating a whole lot inflating the currency and each month when they come out there with

their report and they say well our target is still 2% we want they don't say it this way

we want to destroy the value of the dollar at 2% you know a year and of course that would

be theft it would be counterfeit it would be very evil if a person does that but the Fed

...