What did Glenn Beck predict about the economy in October 2008?
Glenn Beck, CNN Headline News host ·
And you know what, there's no way you can pump this kind of money into this system and have it last. We are going to have massive inflation.
2009 inflation: -0.4%
Beck said the bank bailout money would bring massive inflation. Instead consumer prices fell 0.4% in 2009, and inflation was only 1.6% in 2010.
Consumer prices fell 0.4% in 2009, and inflation was only 1.6% in 2010 (BLS CPI-U annual averages, via the Federal Reserve Bank of Minneapolis).
Prediction vs. outcome · Economy
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The claim
- Date
- Where
- Said on Glenn Beck (CNN Headline News) during a segment on the bank bailout.