Ron Johnson: “1998, that dollar's worth 51 cents. The 2014 dollar is worth…”

“I'd rather have it managed as opposed to a acute debt crisis. We've been living in a chronic debt crisis. That's what devaluation the dollar is. You know, 1998, that dollar's worth 51 cents. The 2014 dollar is worth 74 cents. 2019 dollars worth 80 cents. That's why people can't afford things. That's why we're, we're really pushing the American dream beyond the reach of our young people.” (08:50–08:58)

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.