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Joined 1 year ago
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Cake day: June 10th, 2023

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  • High inflation is worse for workers than high interest rates since wage hikes always lag price rises. This round of inflation was brought to us by poor economic decisions … pumping billions of dollars into the economy without raising taxes, as well as the Ukraine war. It wasn’t caused by corporate greed, as some claim. The BoC is doing absolutely the right thing. If they don’t raise rates now they only kick the can down the road when the pain would be far worse.




  • No matter which side you are in the statement “The Taliban’s successful opium ban is bad for Afghans and the world.” is objectively true. The shortfall in opioid production will easily be made up from other sources, likely adulterated with synthetics that cause more harm. As for the Afghan farmers who grew the stuff they’ve not been given another alternative…they just had their crops destroyed and have no other sources of income.


  • You can’t solve a shortage of houses by discouraging people from building them. Canada is simply not building enough housing and has not been doing so for a long time. Your proposal would have a marginal effect at best and would in any case be only a temporary solution. People who buy second homes do so in places where there are generally few jobs. And people who buy houses as an investment need to rent them … which is not necessarily a bad thing. The problem we have is that home prices have risen to such stratospheric heights primarily because of policies that discourage new development. The only way to fix that is to promote legislation that penalizes NIMBYism and encourages building in urban areas.




  • So if corporate greed is responsible for things like high oil prices what happened on April 20, 2020 when oil prices touched 0.01 per barrel? Do you think the oil companies were suddenly overcome with a spirit of charity?

    It’s true there may be some profiteering during times of economic instability but those are exceptions and they certainly don’t account for the high profits experienced after the pandemic…those were a result of supply chain bottlenecks and a release of pent up demand. Corporate profits are now trending back down, at least in the US. Do you think the companies there have suddenly become less greedy?


  • The article confuses cause and effect. Stratospheric corporate profits are the result of too much money chasing too few goods and services, the same as it’s always been. The culprits are not corporations but rather profligate spending by rich world governments.

    During the pandemic central banks reacted by opening up the money spigots, injecting vast amounts of cash into economies trying to keep them afloat. It was the right thing to do. The problem was that they never turned off the taps, nor did they raise interest rates or taxes to try to balance the books.

    The fact that companies raise prices in response to shortages is not only natural it’s also desirable. There is no other way to align supply and demand short of rationing.






  • It’s more than just funding though.

    'Canada is above the OECD average in terms of per-person spending on health care. Among 38 countries in the OECD in 2020 (the latest year for which comparable data is available), spending per person on health care remained highest in the United States (CA$15,275). Canada’s per capita spending on health care was among the highest internationally, at CA$7,507 — less than in Germany (CA$8,938) and the Netherlands (CA$7,973), and more than in Sweden (CA$7,416) and Australia (CA$7,248).".

    Canada is a vast country which definitely makes the provision of health care a challenge. But Australia has around the same population density as us, spends a little less than we do and their health care is excellent.