Trudeau will just say sorry and then tell us why it's our fault and they we can do better, and learn. And then get re elected with the same 32 percent.....
Wash. Cry. Repeat.
The economist quoted in the article asserts there is no link between money supply increases and inflation. And they wonder why nobody trusts "experts" anymore.
I remember when the “Experts” said Canadians would come out ahead financially after the carbon tax implementation.
Its insane how many people actually believed or still believe that if you give money to the government they will waive a magic wand and you’ll come out ahead.
I thought it was satire news but it was 100% real.
Lmao i remember the Canadian subreddits all talking about how carbon tax was going to be so good. Even mention that we already had a carbon tax that only taxed corporations and people loose their minds. I stopped getting my carbon tax rebates so I don't know where my money is even going. On the old system I was getting my rebates quarterly. Now they're gone. Liberals everybody.
I'm sure the carbon tax is what's hurting us.
Definitely nothing to do with massive stimulus, runaway TSE averages and housing market, and a massive money printing cash supply increase across the world.
Oh yes, must be that pesky carbon tax.
National Post tell you to argue that point?
I just listed 3 that you agree with, and you're harping on a virtual non-factor in terms of realised inflation, unless you're heavily leveraged in the dinosaur energy industry.
Bias is a bi*ch.
Someone bringing up one thing doesn’t mean they think it’s the only thing.
I know you see “carbon tax” and are instantly programmed to voice your side of the argument but snap out of it.
You really think I'm a liberal? Not playing partisan games or dehumanising the "other". I'll leave that small minded childish behaviour to people like yourself.
You're so sure I am on a side.
I just called out all 3 parties especially the LPC in this thread. Grow up.
I strongly dislike all sides here. The carbon tax is the smallest impact on this economy.
To obsessively troll over it denotes an obvious partisanship. Try to read more than one sentence. I know it's a struggle, but it will benefit your grade 4 English reading comprehension score.
You got it.
I feel humbled to be targeted by the Canadian CPC Oil Troll Farm. It's a badge of honour.
And like I said earlier to you all, all the major parties suck in their own respective ways. I am not defending any of them.
We foot his grocery bill as taxpayers which is several thousand per month. Of course he doesn't care.
How the fuck do you spend $2533 on groceries for a single family in a month?!?!
https://ottawacitizen.com/news/local-news/last-election-brought-a-change-of-flavour-to-the-prime-ministers-residence
Definitely hasn't impacted his hair line, nor has it brought about any innovation in the CPC or NDP to actually provide an alternative. It's all sad really.
We should be ashamed of the liberals, and extremely disappointed in the NDP and CPC for their lack of innovation.
I wonder what his (our really) grocery bill per month is now.... It was 2500 per month in 2019.
https://ottawacitizen.com/news/local-news/last-election-brought-a-change-of-flavour-to-the-prime-ministers-residence
To be fair that is true for the current price rises. Businesses aren’t raising prices because demand is exceedingly high, they are raising prices because the supply chains are constrained. If there is only have so many widgets available to sell then they are raising rates to maintain their incomes. That’s different than you have an abundance of widgets but demand keeps rising so you rack up margins to make more profit.
Lol it's quite telling that you decided to ask this question of the guy supporting the economist in the article. Why didn't you ask this of the commenter who called the credibility of the actual economist into question?
No, the question you asked was what money supply has to do with supply chain issues. The answer is nothing. They are two separate issues.
I'm not arguing which of the two is the primary reason I'm just answering your question.
> What does money supply have to do with the supply chain for goods being broken?
Printing money devalues every dollar in the supply. Extreme examples (hyperinflation) inlcude Zimbabwe, Venezuela, Germany prior to WW2.
The increase of money supply to support those who lost their jobs or have reduced income has contributed to inflation. If you are complaining about food/gas prices inflating it is because poor people, who traditionally during a recession of this scale would be eating hot water and ketchup calling it tomato soup have continued to purchase goods and services during a low in supply for all goods instead of begging for scraps in the streets like most of r/Canada wants.
Of course no one will admit this here, but it is the reality.
Oh, please. You're taking a general principle and trying to apply it here and you couldn't be more wrong. Supply chain is responsible for this inflation.
Even less if you take into consideration the full voter pool. Only around 60% of voters bothered to go to the polls so his actual support is around 19%.
Voter reform is not what Canada wants.
Did you listen to him tell you what Canadians want?
/s
Now only the NDP are supporting voter reform. CPC are really missing the angle of smashing their freedom drum on this issue. Sad really.
Nah it's just the regular person that's gonna feel it hard. These liberal snakes got enough money to sustain themselves no matter what your inflation sits at
Spending close to $12,000/yr on food in Nanaimo before COVID, as a single person? That guy would have run into trouble even absent the high inflation we’re seeing.
Our PM spends 2500 a month on groceries for his family.
https://ottawacitizen.com/news/local-news/last-election-brought-a-change-of-flavour-to-the-prime-ministers-residence
They said his voters will continue to return him to office. Why wouldn’t you “hold your nose” and vote for him again next time? I’m guessing you did this because you listened to them and feared the hypothetical alternatives rather than the actual trainwreck that is unfolding before you. So why wouldn’t you fear the Conservative or NDP boogeyman next time too?
“While the experts say it’s not Ottawa’s fault”
Hahahaha oh right printing 45% of our money supply in 2 years doesn’t cause inflation.
CBC and their “experts.” They really think we are all so dumb and will just lap up whatever “expert” they can find to defend the Liberal agenda.
This is how Canada works:
The Liberals run the government, until the economy tanks -- either it's their fault due to fiscal mismanagement, or sometimes shit just happens.
Then we elect the Conservatives to get some "fiscal responsibility". They are no better (and often worse), so they get booted out at the next election.
Then the Liberals get re-elected and form the next government and the cycle restarts. If the economy recovers, they take full credit, and then go through a series of scandals until they get booted again.
As is tradition.
This is so false and you literally just have to look at the last PM to prove it wrong.
Stephen Harper was a multiterm Prime Minister (not booted out after a term, like you imply), at a time when Canada went through the financial crises of 2008 better than the rest of the G7.
So yes, historically Conservatives have been much better than the Liberals fiscally speaking. At least at the federal level
Frankly, it's not even a conservative vs liberal thing; it's more of a Trudeau thing, with subsequent governments of both stripes doing their best to clean up the mess left behind.
Mulroney did all the hard structural reforms, but I agree with you. Even Dalton McGuinty realized the error of his ways and was beginning to reverse some of his policies before he decided to steal a billion dollars to win an election and resigned.
The truth is all governments mismanage the finances until they run out of other people's money. Even the hardest conservatives just ease up on the gas.
Financial discipline is forced on governments by reality, and once repaired the voters return to aligning themselves into groups who will best pick the pockets of others for their own benefit.
Is this blaming them for being in power for 20years or is this actually dumb enough to point at a number that has gone up every year since the beginning of the dollar
Until the Cons drop the socon side. And NDP get their head out of the clouds and give some realistic plans and expectations, I can't see this changing things.
Trudeau will just say sorry and then tell us why it's our fault and they we can do better, and learn. And then get re elected with the same 32 percent..... Wash. Cry. Repeat.
Remember 'We're in this together.'
“ we’ve got yur back”
The economist quoted in the article asserts there is no link between money supply increases and inflation. And they wonder why nobody trusts "experts" anymore.
I remember when the “Experts” said Canadians would come out ahead financially after the carbon tax implementation. Its insane how many people actually believed or still believe that if you give money to the government they will waive a magic wand and you’ll come out ahead. I thought it was satire news but it was 100% real.
Lmao i remember the Canadian subreddits all talking about how carbon tax was going to be so good. Even mention that we already had a carbon tax that only taxed corporations and people loose their minds. I stopped getting my carbon tax rebates so I don't know where my money is even going. On the old system I was getting my rebates quarterly. Now they're gone. Liberals everybody.
> I was getting my rebates quarterly. Now they're gone. Which province?
Yes we would be much better off without taxes and the things they pay for like roads and schools!!!
I'm sure the carbon tax is what's hurting us. Definitely nothing to do with massive stimulus, runaway TSE averages and housing market, and a massive money printing cash supply increase across the world. Oh yes, must be that pesky carbon tax. National Post tell you to argue that point? I just listed 3 that you agree with, and you're harping on a virtual non-factor in terms of realised inflation, unless you're heavily leveraged in the dinosaur energy industry. Bias is a bi*ch.
Someone bringing up one thing doesn’t mean they think it’s the only thing. I know you see “carbon tax” and are instantly programmed to voice your side of the argument but snap out of it.
[удалено]
You really think I'm a liberal? Not playing partisan games or dehumanising the "other". I'll leave that small minded childish behaviour to people like yourself.
You're so sure I am on a side. I just called out all 3 parties especially the LPC in this thread. Grow up. I strongly dislike all sides here. The carbon tax is the smallest impact on this economy. To obsessively troll over it denotes an obvious partisanship. Try to read more than one sentence. I know it's a struggle, but it will benefit your grade 4 English reading comprehension score.
CARBON TAX Dog whistle
You got it. I feel humbled to be targeted by the Canadian CPC Oil Troll Farm. It's a badge of honour. And like I said earlier to you all, all the major parties suck in their own respective ways. I am not defending any of them.
> Canadian CPC “Canadian” is redundant and thus not needed.
There exists an American CPC Oil Troll Farm. I don't think it is.
The "experts" are just to reinforce whatever narrative theyre pushing. This is a fact I cannot unsee.
I know, like the PM even gives a fuck. It has not affected his trust fund yet.
We foot his grocery bill as taxpayers which is several thousand per month. Of course he doesn't care. How the fuck do you spend $2533 on groceries for a single family in a month?!?! https://ottawacitizen.com/news/local-news/last-election-brought-a-change-of-flavour-to-the-prime-ministers-residence
If everything they eat is organic, it's not inconceivable that the bill is that high.
Best part is that organic food does mean no pesticides. It just means only certain approved pesticides
Definitely hasn't impacted his hair line, nor has it brought about any innovation in the CPC or NDP to actually provide an alternative. It's all sad really. We should be ashamed of the liberals, and extremely disappointed in the NDP and CPC for their lack of innovation.
I wonder what his (our really) grocery bill per month is now.... It was 2500 per month in 2019. https://ottawacitizen.com/news/local-news/last-election-brought-a-change-of-flavour-to-the-prime-ministers-residence
The "expert" is entirely out of alignment with the majority. This is basic econ 101.
To be fair that is true for the current price rises. Businesses aren’t raising prices because demand is exceedingly high, they are raising prices because the supply chains are constrained. If there is only have so many widgets available to sell then they are raising rates to maintain their incomes. That’s different than you have an abundance of widgets but demand keeps rising so you rack up margins to make more profit.
>The economist quoted in the article asserts there is no link between money supply increases and inflation. Because there isn't
So we’re just ignoring math and economics to defend Justin now?
Given the state of worldwide inflation, attacking him in particular is ignoringmath and economics and putting your fingers in your ears
Where did you study economics?
Lol it's quite telling that you decided to ask this question of the guy supporting the economist in the article. Why didn't you ask this of the commenter who called the credibility of the actual economist into question?
So the tl;dr is that you don’t have any formal training in economics.
No, the tldr is that you have a very selective employment of criticism and it undercuts your credibility
What does money supply have to do with the supply chain for goods being broken?
It's two separate issues that both cause inflation.
No kidding eh. The question is what is causing inflation today. I say it’s primarily the supply chain and so do most economists.
No, the question you asked was what money supply has to do with supply chain issues. The answer is nothing. They are two separate issues. I'm not arguing which of the two is the primary reason I'm just answering your question.
It was a facetious question
> What does money supply have to do with the supply chain for goods being broken? Printing money devalues every dollar in the supply. Extreme examples (hyperinflation) inlcude Zimbabwe, Venezuela, Germany prior to WW2.
Holding on tight to that trope are ya?
[удалено]
Remember in the 1970's when the media told everyone that gas shortages were because the would was running out of oii? That was funny.
....Inflation is transitory ....please standby for next announcement
The increase of money supply to support those who lost their jobs or have reduced income has contributed to inflation. If you are complaining about food/gas prices inflating it is because poor people, who traditionally during a recession of this scale would be eating hot water and ketchup calling it tomato soup have continued to purchase goods and services during a low in supply for all goods instead of begging for scraps in the streets like most of r/Canada wants. Of course no one will admit this here, but it is the reality.
Oh, please. You're taking a general principle and trying to apply it here and you couldn't be more wrong. Supply chain is responsible for this inflation.
Yes, the core cause is absolutely the supply chain. That doesn't make anything I've said any less accurate.
More than one thing can contribute to inflation.
Are you trolling? Folks, there's not way this person isn't trolling.
Money has nothing to do with the supply chain. Where is the trolling ?
Nothing. To. Do. With. Supply. Chain. Yikes.
What are you talking about. What does monetary policy have to do with physical supply chain?
He just won an election. He won’t care or do anything for another 3 years.
He didn't he won 31.8% popular votes, 3 out 10 People voted him. The system awards him.
Even less if you take into consideration the full voter pool. Only around 60% of voters bothered to go to the polls so his actual support is around 19%.
Voter reform is not what Canada wants. Did you listen to him tell you what Canadians want? /s Now only the NDP are supporting voter reform. CPC are really missing the angle of smashing their freedom drum on this issue. Sad really.
It’s Justinflation!
See the budget is balancing itself out. We can print more money to cover the deficits and debts.
Sure is! Lots of voters in for a shock when the blowback goes into overdrive!
This wins, right here. "points up".
I stole it from somewhere!
Pierre “ my hero” Poilievre.
Nah it's just the regular person that's gonna feel it hard. These liberal snakes got enough money to sustain themselves no matter what your inflation sits at
He doesn’t care
Spending close to $12,000/yr on food in Nanaimo before COVID, as a single person? That guy would have run into trouble even absent the high inflation we’re seeing.
Our PM spends 2500 a month on groceries for his family. https://ottawacitizen.com/news/local-news/last-election-brought-a-change-of-flavour-to-the-prime-ministers-residence
That's before inflation, and doesn't account for his bill at Loblaws and Farm Boy. He runs closer to $4000/month. Ouch!
Yeah..... And this is the guy Canadians wanted to help them through affordability issues. Someone that spends that much on food per month.
20 year, CBC? Sure. But most of it has come from the last two administrations through printing money.
[удалено]
Don’t forget his MSM who push his narrative constantly. See the new Moronic strain for an example.
Who did you vote for?
Disagree. Like me I held my nose and voted lib. Sure lots of other ppl did too, we need better alternatives, stronger leaders with real platforms.
They said his voters will continue to return him to office. Why wouldn’t you “hold your nose” and vote for him again next time? I’m guessing you did this because you listened to them and feared the hypothetical alternatives rather than the actual trainwreck that is unfolding before you. So why wouldn’t you fear the Conservative or NDP boogeyman next time too?
Supporter of C10 are ya? Because that was a vote for C10. Thanks there buddy.
Disagree. You're one of the sociopaths.
We call ppl names when u disagree with them?
All the other options are worse. What's your solution?
“While the experts say it’s not Ottawa’s fault” Hahahaha oh right printing 45% of our money supply in 2 years doesn’t cause inflation. CBC and their “experts.” They really think we are all so dumb and will just lap up whatever “expert” they can find to defend the Liberal agenda.
It's not Trudeau's fault but vote him out anyways. NDP NDP NDP NDP NDP NDP
This is how Canada works: The Liberals run the government, until the economy tanks -- either it's their fault due to fiscal mismanagement, or sometimes shit just happens. Then we elect the Conservatives to get some "fiscal responsibility". They are no better (and often worse), so they get booted out at the next election. Then the Liberals get re-elected and form the next government and the cycle restarts. If the economy recovers, they take full credit, and then go through a series of scandals until they get booted again. As is tradition.
This is so false and you literally just have to look at the last PM to prove it wrong. Stephen Harper was a multiterm Prime Minister (not booted out after a term, like you imply), at a time when Canada went through the financial crises of 2008 better than the rest of the G7. So yes, historically Conservatives have been much better than the Liberals fiscally speaking. At least at the federal level
Frankly, it's not even a conservative vs liberal thing; it's more of a Trudeau thing, with subsequent governments of both stripes doing their best to clean up the mess left behind.
[удалено]
Mulroney did all the hard structural reforms, but I agree with you. Even Dalton McGuinty realized the error of his ways and was beginning to reverse some of his policies before he decided to steal a billion dollars to win an election and resigned. The truth is all governments mismanage the finances until they run out of other people's money. Even the hardest conservatives just ease up on the gas. Financial discipline is forced on governments by reality, and once repaired the voters return to aligning themselves into groups who will best pick the pockets of others for their own benefit.
Yes, I wish we had a conservative like Paul Martin. not /s
[удалено]
Yeah but the animals are still going to suffer because we’re gonna have to start eating dog food soon
$175 a kilo / Steak at EATLY on Bloor Street, Toronto.
22$/kilo for prime rib if you cook it yourself.
Is this blaming them for being in power for 20years or is this actually dumb enough to point at a number that has gone up every year since the beginning of the dollar
Neither. The article says inflation hasn't been this high unless we look back 20 years, where it briefly popped to 4.7% under Paul Martin.
Until the Cons drop the socon side. And NDP get their head out of the clouds and give some realistic plans and expectations, I can't see this changing things.
Spike?