Why is inflation so high? Because cash has grown 8 times faster than the stuff cash buys.

[CdnFox]

My Fave part is where the lefties try to claim our inflation is the lowest in the world and get shot down

 

This is basic economics. You CANNOT add  UNEARNED dollars to an economy without creating inflation.  All money has to be a result of  a good being produced a service rendered - basically something of value.

If the amount of value being created is equal to the money being created,, you don't tend to see overall inflation.  That's how free markets work.

[Moonlight Graham]

I don't believe PP's graphs, dude is spins stuff all the time.

Now CPC supporters, I order you to commence sucking his dong in this thread.

[Legato]

11 minutes ago, Moonlight Graham said:

I don't believe PP's graphs, dude is spins stuff all the time.

 

You have to wait for a full moon to be able to see it properly

[Queenmandy85]

So, Mr. Poilievre’s solution is to raise taxes. Defence, Education, Health care, and Veterans Affairs are all underfunded so cutting services citizens demand is not going to happen.

[Queenmandy85]

Oh, and he seems to forget there’s a war on. The whole planet is in the grips of inflation because of Putin’s vanity project. Canada is fairing better than most.

[myata]

Was determined the best country in OECD for Covid response. Some has to give ?

 

 

Edited August 16, 2023 by myata

[WestCanMan]

1 hour ago, Moonlight Graham said:

I don't believe PP's graphs, dude is spins stuff all the time.

Now CPC supporters, I order you to commence sucking his dong in this thread.

Yeah, creating money doesn't de-value it all, right? Makes perfect sense.

I hope that our gov't produces an extra $10M per Canadian so that we can all buy Ferraris and big houses ?. Why don't they do that MG? 

[CdnFox]

22 minutes ago, Queenmandy85 said:

So, Mr. Poilievre’s solution is to raise taxes. Defence, Education, Health care, and Veterans Affairs are all underfunded so cutting services citizens demand is not going to happen.

Why do you feel the need to lie about that?  Where has he said he's going to raise taxes? And that' certainly not the only way to raise revenues.

Just because liberals aren't bright enough to figure it out doesn't mean everyone else can't.

 

[WestCanMan]

20 minutes ago, Queenmandy85 said:

The whole planet is in the grips of inflation because of Putin’s vanity project. Canada is fairing better than most.

Oh. My. God.

Literally everything about those sentences is revealing ?

[CdnFox]

20 minutes ago, Queenmandy85 said:

Oh, and he seems to forget there’s a war on. The whole planet is in the grips of inflation because of Putin’s vanity project. Canada is fairing better than most.

Ahhhhhh - no.  Sorry.  It may affect energy and therefore inflation in parts of europe but the war has pretty limited effects here at home. The carbon tax hurts inflation more than the war does.

 

[WestCanMan]

3 minutes ago, CdnFox said:

Ahhhhhh - no.  Sorry.  It may affect energy and therefore inflation in parts of europe but the war has pretty limited effects here at home. The carbon tax hurts inflation more than the war does.

 

And TBH, this isn't just a war of colonialization or expansion on Russia's part either, as 'some' would like you to believe.

Canada wouldn't be allowed to join an Iranian/Russian/Chinese/N Korean version of NATO any more than Ukraine is. The only difference is that our war against the US wouldn't last this long. We'd all either be dead or American by now. 

[Moonlight Graham]

Am I supposed to blame Trudeau, Putin, the Chinese virus, or immigrants for inflation?  I'm confused now.  Someone tell me who to hate!

[CdnFox]

2 hours ago, Moonlight Graham said:

Am I supposed to blame Trudeau, Putin, the Chinese virus, or immigrants for inflation? 

Yes - Pretty much in that order at this point.  

Quote

I'm confused now. 

It's possible  you were confused before.

Quote

Someone tell me who to hate!

I find that Justin Beiber is a good place to start.

[impartialobserver]

Inflation is not a hard concept to explain.. too much money chasing too few goods. The complexity comes in what to do about it with minimal pain. There is a reason that prices are sticky.. meaning that they go up easily but not so much down. 

[myata]

6 minutes ago, impartialobserver said:

There is a reason that prices are sticky.. meaning that they go up easily but not so much down. 

Like a monopoly for example. The "global" prices are going up hurray!... ... what, "market" "down", sorry can't hear you try again some time have to run.

Edited August 21, 2023 by myata

[impartialobserver]

1 minute ago, myata said:

Like a monopoly for example. The "global" prices are going up hurray!... ... what, "market" "down", sorry can't hear you try again some time have to run.

Can you put forward one realistic, non-proganda/rhetoric example of why prices are sticky? Imagine that you are explaining this to a college student and therefore have to put your bias in your back pocket. Can you do that?

[myata]

18 minutes ago, impartialobserver said:

Can you do that?

Of course, it's only obvious logic. Once the populace, for whatever plausible cause, got used to "temporary" higher prices there's absolutely no reason, none at all for the monopoly to reduce them even when the cost pressure eases. It'll find 1,001 reasons why the drop in the "global" rate that caused it in the first place should have no effect on the current prices. And of course, not me just saying. Look at the mobile and Internet rates in a "controlled" price area. I get Internet in Europe for 10 Euro / $15. How many more decades, or centuries? you would need to pay an entitled expensive restaurant regular client ombudsh@ck obscene salaries and benefits to see a microscopically detectable change in the prices? I know the answer.

Edited August 21, 2023 by myata

[impartialobserver]

Just now, myata said:

Of course, it's only obvious logic. Once the populace, for whatever plausible cause, got used to "temporary" higher prices there's absolutely no reason, none at all for the monopoly to reduce them even when the cost pressure eases. It'll find 1,001 reasons why the drop in the "grobal" rate that caused it in the first place should have no effect on the current prices. And of course, not me just saying. Look at the mobile and Internet rates in a "controlled" price area. I get Internet in Europe for 10 Euro / $15. How many more decades, or centuries? you would need to pay an entitled expensive restaurant regular client ombudsh@ck obscene salaries and benefits to see a microscopically detectable change in the prices? I know the answer.

Failed.. Your explanation is not general enough. how do I know? You use the words, "monopoly" and "global"... 

[myata]

What further qualifications are you needing? Grocery monopolies? Gas? Construction monopolies (in the city had to bump up the tag couple of billions apparently because everybody's been so busy couldn't stoop to pick up); communications? media?

No we can make it more fun: name one or two essential product / service that is not controlled by some sort of monopoly.

[impartialobserver]

1 minute ago, myata said:

What further qualifications are you needing? Grocery monopolies? Gas? Construction monopolies (in the city had to bump up the tag couple of billions apparently because everybody's been so busy couldn't stoop to pick up); communications? media?

No we can make it more fun: name one or two essential product / service that is not controlled by some sort of monopoly.

Can you give a QUANTITATIVE definition as to what constitutes a monopoly? I will bet that you can't. 

[CdnFox]

33 minutes ago, impartialobserver said:

Inflation is not a hard concept to explain.. too much money chasing too few goods. The complexity comes in what to do about it with minimal pain. There is a reason that prices are sticky.. meaning that they go up easily but not so much down. 

Largely true.  Generally the "go to" for most gov'ts is to jack interest rates as high as they can go and suffer a recession afterwards.  It's pretty harsh - but you get to blame it all on the bank and pitch it as "global" or the like.

A better way would be a multi pronged approach. 

1 -   Reduce gov't spending - that tends to be a major sourse of the unearned dollars that drive inflation. 

2- Then increase consumption taxes slightly - even better for a limited time like a year or so, which discourages people buying now and encourages them to wait to buy down the road, which eases consumption of goods without necessarily severely repressing the economy. It also lets you remove that down the road when the economy slows to avoid recession.

Consumption taxes tend to avoid necessities like food and shelter - so people are still protected against increases there, but they won't be out buying the latest iphone.

3 - SLIGHT increases in borrowing rates.  Enough to tighten without strangling. Squeeze a litlte without squishing.

Generally that would do it, and not require a bad recession on the other end. The recovery is built right in - keep the consumption tax (gst inour case) money and program spending savings aside and when the economy slows you can axe the tax again and stimulate spending and if necessary pour the money you collected back into the economy to stimulate it.

[myata]

3 minutes ago, impartialobserver said:

Can you give a QUANTITATIVE definition

A small number of players controlling large part of the market. 3 / 80% or 5 / 65 is details. And now, the examples?

[impartialobserver]

10 minutes ago, myata said:

A small number of players controlling large part of the market. 3 / 80% or 5 / 65 is details. And now, the examples?

Except that monopoly has that little acronym... mono at the beginning. Mono translates to 1.. not 3 or 5. You are talking about oligopoly. 

 

So can you show where 1 firm (again not 3 or 5 or 7) own 100% of market share or very close to it?

Edited August 21, 2023 by impartialobserver

[myata]

1 hour ago, impartialobserver said:

You are talking about oligopoly.

You aren't only talking about it; living it too probably from day one and for as long as you're here. Monopoly sure oligopoly paradise.

[impartialobserver]

8 minutes ago, myata said:

You aren't only talking about it; living it too probably from day one and for as long as you're here. Monopoly sure oligopoly paradise.

So that we do not go off into the weeds.. are you talking about monopoly (1 firm with 100 percent market share) or oligopoly (3 to 5 firms with 60 to 80% market share)?