Winter is coming
Cheap sugar

The Maleducation of the Masses

The useless universities and the programing from the media leads to these results:

The Yahoo/Maru survey polled 1,517 Canadians between April 23 and April 25. It found COVID-related supply chain issues narrowly topped the list of potential causes, with 29 per cent pointing to the pandemic's lasting grip on global trade. [...]

A similar number of respondents (28 per cent) chose "profit-taking by companies and speculators" as the chief cause of runaway inflation.

It's unfortunately predictable that close to 90% didn't even mention money supply. An economics background is not necessary to grasp the concept. One just has to get the logic in this simple sentence:

[..] the Bank of Canada and the U.S. Federal Reserve are expected to continue hiking benchmark interest rates in a bid to tamp down inflationary pressures.

So, doesn't that mean that the record-low interest rates of the recent past is a major reason for the highest inflation in the last forty years?

Shhh. Ignore that logic, it's COVID, greedy corporations and RUSSIA RUSSIA RUSSIA!

Comments

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)