It's not like a, you know, I think it's a reasonable goal, it's a rational goal, it's a sensible goal. And the net result, I should say, If we have the combination of a trillion dollar increase in economic output and a trillion dollar decrease in the budget deficit, then the outcome should be that there is no inflation or very little inflation from one year to the next. So at the end of next year, the prices will be at the grocery store will be very similar to what they are right now, which means that, you know, standard living will actually probably be higher, a little bit higher. (1:03:35–1:03:52)
CLAIM
Asserts that a trillion-dollar increase in economic output and a trillion-dollar decrease in the budget deficit will result in little to no inflation.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
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