This is reasonable article, and I'm glad that it was written.
But I think that having a debate whether or not hyperinflation will happen is missing the mark. There are critics who think that current policies may lead to higher than normal inflation (ie 1970's style), but I don't think anyone serious will argue that hyperinflation (ie Weimar Germany, Zimbabwe, Venezuala) is a threat.
And while we're debating what might happen with core inflation, it certainly looks like there is some specific instances of asset inflation being exacerbated by all this easy money (as noted in Daniel Tencer's April 21 piece). Ultimately I think this is the great concern for most readers of this newsletter.
The carbon tax alone has caused and will continue to cause inflation on every good we transport and it will be priced higher and higher to which the consumer alone will pay. The consumer may receive some money back from the Government for what they pay in fuel but its peanuts compared to the inflationary ability that the tax causes on everything we buy. So as the carbon tax continues to rise and the new clean fuel standard comes into effect it will be a double the tax on carbon and the consumer will be hit with it all. So to say that hyper inflation will not occur as they continue to print money we don't need, to stimulate an economy that we have had for a long time, is ludicrous. They will be printing and spending money to give away as subsidies to get green projects built to which will be of little benefit to Canadians or their pocket books, now or anytime in the future. As our debt continues to grow, so shall taxation and therefore inflation. Who would want to invest in Canada when we are uncompetitive and unfriendly in every way to business. Even our own banks invest their money anywhere but Canada. Its a losing proposition. So what happens when you hold massive debt and no investment? I don't care what new and funky monetary system anyone uses, it wont end well. If we don't get hyperinflation, its irrelevant, as we will see inflation to the point of making life unaffordable to live in this cold country. When you find you have more people unemployed than employed, and you have an economy that is as stale as 6 month old bread and no investment due to horrendous policies and regulation, then perhaps Canadians will catch on. Until then we must suffer the adolescent spending sprees of the government of Canada and pay for it out of our pockets.
The carbon tax alone has caused and will continue to cause inflation on every good we transport and it will be priced higher and higher to which the consumer alone will pay. The consumer may receive some money back from the Government for what they pay in fuel but its peanuts compared to the inflationary ability that the tax causes on everything we buy. So as the carbon tax continues to rise and the new clean fuel standard comes into effect it will be a double the tax on carbon and the consumer will be hit with it all. So to say that hyper inflation will not occur as they continue to print money we don't need, to stimulate an economy that will still limp along once it can open up. They will be printing and spending money to give away as subsidies to get green projects built to which will be of little benefit to Canadians or their pocket books, now or anytime in the future. As our debt continues to grow, so shall taxation and therefore inflation. Who would want to invest in Canada when we are uncompetitive and unfriendly in every way to business. Even our own banks invest their money elsewhere. Canada has been and is a losing proposition for any investors. So what happens when you hold massive debt and no investment? I don't care what new and funky monetary system anyone uses, it wont end well for Canada or Canadian's
This is reasonable article, and I'm glad that it was written.
But I think that having a debate whether or not hyperinflation will happen is missing the mark. There are critics who think that current policies may lead to higher than normal inflation (ie 1970's style), but I don't think anyone serious will argue that hyperinflation (ie Weimar Germany, Zimbabwe, Venezuala) is a threat.
And while we're debating what might happen with core inflation, it certainly looks like there is some specific instances of asset inflation being exacerbated by all this easy money (as noted in Daniel Tencer's April 21 piece). Ultimately I think this is the great concern for most readers of this newsletter.
The carbon tax alone has caused and will continue to cause inflation on every good we transport and it will be priced higher and higher to which the consumer alone will pay. The consumer may receive some money back from the Government for what they pay in fuel but its peanuts compared to the inflationary ability that the tax causes on everything we buy. So as the carbon tax continues to rise and the new clean fuel standard comes into effect it will be a double the tax on carbon and the consumer will be hit with it all. So to say that hyper inflation will not occur as they continue to print money we don't need, to stimulate an economy that we have had for a long time, is ludicrous. They will be printing and spending money to give away as subsidies to get green projects built to which will be of little benefit to Canadians or their pocket books, now or anytime in the future. As our debt continues to grow, so shall taxation and therefore inflation. Who would want to invest in Canada when we are uncompetitive and unfriendly in every way to business. Even our own banks invest their money anywhere but Canada. Its a losing proposition. So what happens when you hold massive debt and no investment? I don't care what new and funky monetary system anyone uses, it wont end well. If we don't get hyperinflation, its irrelevant, as we will see inflation to the point of making life unaffordable to live in this cold country. When you find you have more people unemployed than employed, and you have an economy that is as stale as 6 month old bread and no investment due to horrendous policies and regulation, then perhaps Canadians will catch on. Until then we must suffer the adolescent spending sprees of the government of Canada and pay for it out of our pockets.
Hi.... Here is the article that I wrote before it was edited. https://champions.substack.com/p/money-printer-go-brrrrrrrrrrrrr If anybody wants to take issue with this, please feel free to do so, there. Thanks.
The carbon tax alone has caused and will continue to cause inflation on every good we transport and it will be priced higher and higher to which the consumer alone will pay. The consumer may receive some money back from the Government for what they pay in fuel but its peanuts compared to the inflationary ability that the tax causes on everything we buy. So as the carbon tax continues to rise and the new clean fuel standard comes into effect it will be a double the tax on carbon and the consumer will be hit with it all. So to say that hyper inflation will not occur as they continue to print money we don't need, to stimulate an economy that will still limp along once it can open up. They will be printing and spending money to give away as subsidies to get green projects built to which will be of little benefit to Canadians or their pocket books, now or anytime in the future. As our debt continues to grow, so shall taxation and therefore inflation. Who would want to invest in Canada when we are uncompetitive and unfriendly in every way to business. Even our own banks invest their money elsewhere. Canada has been and is a losing proposition for any investors. So what happens when you hold massive debt and no investment? I don't care what new and funky monetary system anyone uses, it wont end well for Canada or Canadian's