Newt Gingrich: People have 'no idea' how badly food prices will rise over the year
Fox News
Former Speaker of the House Newt Gingrich warned about staggering food prices worldwide on the "The Ingraham Angle" Thursday, saying people have “no idea” how bad the situation could become.
Because I think that what you and Larry Kudlow talked about is exactly right. The longer they wait on inflation, the deeper the recession is going to be. We lived through this with Jimmy Carter. It ended up being called stagflation and people ate it up. The unemployment rate and the inflation rate and turn it into the misery index by adding the two numbers together, we have a grave danger of being worse off in another year or a year-and-a-half than we were under Jimmy Carter.
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