A bold proposal from New York’s Zohran Mamdani is sparking interest north of the border. Experts say a Canadian public option is not only possible — it’s long overdue
LMFAO, prices aren’t a force of nature, they are set by people who own businesses who want to increase their profits. It’s obvious that the issue doesn’t lie with QE, but with private ownership of essential industries.
Please read what I actually wrote above because it addresses your question. There’s no contradiction here, BoC expects inflation to rise as a result of QE, but the reason for that people who own companies decide to raise prices. Let me know if you’re still having trouble understanding this, and need me to use smaller words.
The only thing weird here is that a grown ass adult would have trouble understanding something so basic.
When you definitely understand how an economy works.
Rising money supply doesn’t raise prices or what?
QE is designed to increase inflation according to the BoC publication, and it definitely did.
LMFAO, prices aren’t a force of nature, they are set by people who own businesses who want to increase their profits. It’s obvious that the issue doesn’t lie with QE, but with private ownership of essential industries.
The Bank of Canada is wrong then, and it doesn’t matter what they set interest rates to or how much money supply increases via borrowing?
Its weird you seem to think you know how an economy works yet you seem to be suggesting we implement communism.
Please read what I actually wrote above because it addresses your question. There’s no contradiction here, BoC expects inflation to rise as a result of QE, but the reason for that people who own companies decide to raise prices. Let me know if you’re still having trouble understanding this, and need me to use smaller words.
The only thing weird here is that a grown ass adult would have trouble understanding something so basic.