I'd say the gist of it is quite correct... but they got some cringeworthy mistakes in their explanation(s), for example:
In the video it sounds like Deflation is a good thing because "stuff gets cheaper for us" .... uh oh... or... that the low interest rates are a "gift" to the banks because they do not have to pay as much interest to their customers... (displaying a whole lotta ignorance of how "normal" banks work. - they also get much less interest from lending after all, duh.)
I'd be wary of using these videos to explain our current situation to anyone, because all the little mistakes allow it to be plucked apart quite horribly... it may even backfire and make people believe the opposite ala "well if they got even this part wrong the rest of it must be too..."
In summary: It's too one-sided for its own good. - As if someone with no knowledge of economics went through a textbook for bits and pieces that supported their view while completely ignoring how these bits and pieces actually fit into a bigger picture/theory. How else could you reach the conclusion that Deflation = lower prices = yay !?
All the finger pointing going hand in hand with the flawed explanations really didn't help either.
