The pro-inflation argument hasn't changed much, if at all, since this clip was made in the 30′s. The logic is just as twisted and short-sighted today as it was then. The idea that temporarily pulling demand forward, and devaluing currency, could ever produce a sustained positive effect is as ridiculous as ever.

It's a fascinating historical piece, and well-worth watching. The pro-FDR aspects are particularly interesting/disturbing.

As we know, America did not emerge from the Great Depression until around 12 years after this clip was made, when America finally began to cut taxes and government spending. Roosevelt's New Deal and inflationary monetary policies failed miserably. They extended and exacerbated the country's economic woes, while enriching banks.