ben powell an economist at texas tech and jeffery tucker study it they say we bet be careful the americanat and yes inflation is low. are you kidding me? look over time. grandmothers are rolling over in their graves right now. any young person has heard someone say i remember when that cost a nickel. what happened is the currency lost its value. it takes $23 to buy today what $1 could back in 1913>> you have to go back to 1913. inflation is two percent a year. historically that's pretty good. this isn't a big mystery, though. the federal reserve has saved a lot of money but the banks are holding most of it back. they are holding it at extra reserves because the fed started paying mutual funds extra returns. >> such a form of robbery, actually. i mean, yeah, it's a serious issue. you can't get a return on your money any more from savings. you can't save an investment. that is precisely what this policy is discouraging. >> let's go back to the rome parallel free trade rules they prosper and they did what politicians do. >> their empire kept expanding and they were bringing in more people yo

ben powell, economist at texas tech and jeffrey tucker studied currency debates and say we better bellar is already going down th tubes. what do you mean? i feared that and yet, inflation is low. >> are you kidding me? look over time.i greater grandmothers rolling over in their graves right now. any young person that's heard someone say, i remember when that cost a nickel, thingse didn't all of a sudden get more expensive in terms of the labor. what's happened is the occurrencely lost its value. it takes $23 to buy today what one dollar could back in 1913. >> you have to go all the way back to 1913.j paul cryingman will tell you look, inflation is 2% a year. tl historically, that's pretty good. >> this isn't a big mystery, though. the federal reserve has created a lot of money with qe whatever now that we're up to. but the banks are holding most of it back. it's not going into the price level because they're holding it as extra reserves because the feds started paying them interest on their extra reserves. if that gets lent out, then we'll see higher inflation. >> that's a form of ro

thank you, ben barlyn and michael powell, great reporting, as always, for the great "new york times." and tomorrow, the home of frank sinatra who says that she, too, was politically targeted by the christie crowd. and that's tomorrow at 8:00 in the morning. >>> up next, stay out of the bushes. that's what jesse jackson famously once said, but now former first lady barbara bush is saying the same thing but a somewhat different vocabulary. and this is "hardball," the place for politics. >>> time for "the sideshow." they say two out of three ain't bad but after his father and brother jeb bush may be wondering if his time will ever come. he's got a lot of support within his own party, but when it comes to his own family, that's a different story. in the c-span interview aired yesterday, his mother, barbara bush, said again she hopes he doesn't. >> i think this is a great american country, great country. and if we can't find more than two or three families to run for high office, that's silly. and i think the kennedys, clintons, bushes, there are just more families than that. i would hope

thank you, ben barlyn and michael powell, great reporting, as always, for the great "new york times."orrow morning on up, the mayor of hoboken new jersey, there's a famous place, the home of frank sinatra, who says she, too, was politically targeted by the christie crowd. and that's tomorrow at 8:00 in the morning. >>> up next, stay out of the bushes. that's what jesse jackson famously once said, but now former first lady barbara bush is saying the same thing but a somewhat different vocabulary. and this is "hardball," the place for politics. [ male announcer ] legalzoom has helped start over 1 million businesses. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business today with legalzoom. in the nation, we reward safe driving. add vanishing deductible from nationwide insurance and get $100 off your deductible for every year of safe driving. which means you could save... a lot of benjamins. we put members first, because we don't have shareholder

thank you, ben barlyn and michael powell.w morning on up with steve kornacki, the mayor of hoboken, new jersey, the home of frank sinatra says that she too was politically targeted by the christie crowd. steve kornacki has done a hell of a job this week. that's tomorrow morning. >>> up next, stay out of the bushes. that's what jesse jackson famously once said. but now barbara bush is saying the same thing, but with somewhat different vocabulary, maybe. this is "hardball," the place for politics. my name is jenny, and i quit smoking with chantix. before chantix, i tried to quit probably about five times. it was different than the other times i tried to quit. [ male announcer ] along with support, chantix varenicline is proven to help people quit smoking. it's a non-nicotine pill. chantix reduced my urge to smoke. that helped me quit smoking. [ male announcer ] some people had changes in behavior, thinking, or mood, hostility, agitation, depressed mood, and suicidal thoughts or actions while taking or after stopping chantix. if

ben circulating. >> is she making that up? that happened? just asking here. more than a thousand human beings are willing to live and die on mars. these people have made the first c cut. cory powellking it down. the concept is what? >> nasa is making slow progress toward mars. private companies want to step in. this is a dutch man running mars one. he said i want to run a one-way trip to mars. i will create the first martians. >> the key phrase is one way. you go to mars and die? >> you go to mars and live or you go to mars and die. >> either way no round trip -- >> you are a permanent martian. >> how crazy is this idea? >> we know how to go to mars. we don't know how to keep a person alive in deep space on a trip to mars. we have not done it. in some ways the hardest part is the time table and funding. they claim they can do it for $6 billion and get the first humans there in 2023. so they are saying in less than a decade. nasa is saying they would need 20 years and a $100 or $200 billion. >> is this practical? possible? or are they looking for publicity? >> this thing is going to be treated like a television show. watching them from space to landing and doing everything they ca