Quote:
Originally Posted by opendoor
I have no interest in sitting through 30 minutes of him talking, but I just went to a random spot in the first 30 minutes, and within a minute or two he was flat out lying, so that doesn't bode well for the rest.
Starting around 28 minutes, he makes a big deal about comparing the money supply during COVID vs. the Global Financial Crisis. To paraphrase him, he's saying that the current government engaged in reckless "money printing", whereas the Conservative government in 2007-2010 did not do that, and instead borrowed "real money," suggesting that money creation back then was much more restrained than during COVID. Essentially he's saying that the Conservatives' restraint was why inflation didn't happen then, whereas the Liberal government's "money printing" is why it's happening now.
But of course that's demonstrably false as the money supply growth during the 3-year periods during and after the crises clearly demonstrate:
Mid-2007 to mid-2010: 34.9% was added to the money supply
March 2020 to March 2023: 30.1% was added to the money supply
So the money supply increased by more under the Conservative government in those years than it did under the Liberals during COVID.
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That’s great. I like this.
What else did you debunk?