Fox Business host falsely claims inflation rate has been 100% in past year, warns of revolution in the streets
Charles Payne: “If I gave you 400 extra dollars, you can only buy $200 worth of things you could’ve bought a month ago or a year ago.” (There is no truth to this whatsoever.)
Published
Citation From the September 13, 2022, edition of Fox News’ The Faulkner Focus
CHARLES PAYNE (FOX BUSINESS HOST): Free money has destroyed the value of money.
HARRIS FAULKNER (ANCHOR): It’s an oxymoron, there’s no such thing as free money.
PAYNE: It has destroyed the value of money. So, you can go in the store now with 400 bucks, right? If I gave you 400 extra dollars, you can only buy $200 worth of things you could’ve bought a month ago or a year ago.
But, I’m telling you, I wish I had sent your producers this chart. There’s a chart that shows, a 70-year chart that shows a spike in food at home, the cost. And it’s so interesting to me, because when I look at this, and I think about the notion that somehow there’s a threat to democracy because people didn't vote for this president — this is the ultimate threat to democracy, empty bellies.
This is what sparked the Arab Spring, this is what has sparked almost every single major conflict in the world throughout history. Empty bellies, empty bellies. People are going to have a real tough time.