00:00:00
The increase in the money supply was the
00:00:01
greatest in 150 years in a two-year
00:00:04
period and instead of standing against
00:00:06
it he didn't.
00:00:07
>> And one word will always be attached to
00:00:10
Chair Powell and that's transitory.
00:00:12
>> Yeah, we said terrible mistake and when
00:00:14
you saw the money supply increasing at
00:00:16
those rates, I was on the airways three
00:00:18
weeks after four weeks after COVID
00:00:20
looking at the data and I say ain't no
00:00:22
chance that this is transitory. They
00:00:26
don't want to make that mistake
00:00:28
again. Although, you know, history
00:00:30
suggests as time goes on people forget
00:00:32
mistakes that they had made earlier.
