Mon Aug 21, 2023 – 6:43 pm EDT
OTTAWA (LifeSiteNews) — A former Liberal finance minister has admitted that the current inflation crisis is partly due to the Trudeau government’s COVID spending.
During an August 14th interview with Harvard International Review, former Finance Minister Bill Morneau revealed that spending programs to tackle COVID were prolonged and led to inflation under the leadership of Prime Minister Justin Trudeau.
“I think the early efforts were appropriate and important. They were, in a number of cases, too large. That was not purely a Canadian issue; there were other countries that had the same problem,” Morneau told the interviewer.
“The bigger issue was they went on for too long, and that meant that we put more money into the economy than we needed to,” he added.
“(This) is, of course, one of the reasons that we find ourselves with demand for goods and services that’s in excess of what the economy (could) support as we came out of COVID,” Morneau continued. “And when demand is in excessive supply, the inevitable result is inflation.”
During the so-called COVID-19 pandemic, the Trudeau government issued billions to Canadians who claimed they needed Canadian
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