Although I think he's probably a flaming liberal, he does touch on the huge problem of the Federal Reserve, the sole entity responsible for inflation. 4% per year inflation is what the govt thinks is an "acceptable level".
99.99999% of the American public are too stupid to even realize the fundamental flaws of the Federal Reserve system. In fact, if you ask anyone what inflation is they will say "oh, rising prices, of course".
They don't realize that the devaluation of the American dollar (i.e. printing money from thin air) is what inflation is, and they don't realize that's it's simply another tax.
Now........prepare the way for some dimwit to start talking about how Alan Greenspan has saved our society......