{
 "rec_id": "media-the-business-cycle-do-you-predict-inflation-or-deflation",
 "course": "the-business-cycle",
 "title": "Do you predict inflation or deflation?",
 "speaker": "Murray N. Rothbard",
 "source_file": "media/The Business Cycle/Do you predict inflation or deflation_ Murray N Rothbard.mp3",
 "model": "medium",
 "language": "en",
 "language_probability": 1,
 "duration_s": 17.7,
 "generated": "2026-08-06T00:15:19Z",
 "generator": "scripts/transcribe_lectures.py (faster-whisper)",
 "machine_generated": true,
 "warnings": [],
 "text": "I've been a long-standing inflationist, so to speak. In other words, not somebody who favors inflation, but somebody who predicts it. And I haven't been proven wrong yet. I mean, it's funny because the deflationists have been predicting deflation now since 1973. They've been wrong every year. You think their self-confidence will at least slip a little bit.",
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   "text": "I've been a long-standing inflationist, so to speak.",
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   "text": "And I haven't been proven wrong yet.",
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   "text": "I mean, it's funny because the deflationists have been predicting deflation now since 1973.",
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}