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.
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You can't spend more when you have less. Simple. Only those with excess benefit from this scenario, same as today. Employers don't hire more, they hire less, and it wasn't inflation, but deflation in the USA at the time that was the concern, opposite issue from Europe where inflation ran rampant.
Just more historical proof that economist in general are as ignorant as everyone else and are nicely used by those with excess to sell their idiot ideas in the ways to secure the state in their interests. Historical steps to greater monopolization and the NWO... police state ideas of that time and this time. I notice they didn't mention precious metals in the historical trend from bartering. It isn't new and the collapse of each kingdom or empire in weakening their currency through its debasement is a classic example of the ponzi scheme attempts to rule forever, getting blinder and blinder with each step and encouraged to do so by the bankers supporting them for this ride over the cliff.
It was the creation of war that finally gave everyone jobs and helped get the nation back on its feet, and helped start the 1% solution by distortion of the truth to the 99%, who are now nicely conditioned to accept it as tradition, even if a complete lie. This lie of economy then led to its continuation after the war with the Marshall Plan etc to keep the game going, that led to all kinds of 'fun and games' in the name of spreading democracy through bullets, same as today.
Nothing changes in Purgatory unless we do.