Ron Johnson: “A dollar you held in 1998 is worth 51 cents. The dollar you…”

“We haven't had the debt crisis yet. Okay. I think we've had a chronic debt crisis which is called the devaluation of the dollar. The 1998, 2014, 2019 levels that I suggest. A dollar you held in 1998 is worth 51 cents. The dollar you held in 2014 is worth 74 cents. The dollar you held before the pandemic is worth 80. That's permanent devaluation. That's why people can't afford things. So that to me is a chronic debt crisis. I'm talking about a acute debt crisis.” (04:02–04:12)

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.