Joël Lightbound at the Industry, Science and Technology Committee

On October 31st, 2024. See this statement in context.

October 31st, 2024 / 9:55 a.m.

Liberal

The Chair Liberal Joël Lightbound

Before I go to Mr. Généreux, I have a quick question: Have you ever looked at the impact an increase in the money supply can have on the price of food?

I'm looking at the Federal Reserve Bank of St. Louis data and the price of eggs in the U.S. You can see that it rose during the great financial crisis of 2008—and right after the pandemic, after we had increased the money supply by about 40% across the Western world, it rose a lot.

I'm trying to understand if that is just a correlation without causation, or is there a causation? Is this something you've ever looked into?

See context to find out what was said next.