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New Canadian Politics Thread

LeafGm said:
That’s hilarious. When I was visiting my folks last weekend, my dad and his buddy were going on and on about how Carney is a radical environmentalist nut who zealously supports the carbon tax.

Whoops.
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I'm guessing they'll continue using these silly nicknames regardless and hope their voters are too lazy to check if it's BS (worked in the US pretty well).
 
“Printing money” is not a good thing. Nor is it bad thing. It’s just a thing.

Sometimes the economy needs it, most of the time it doesn’t. In the case of the UK, they loosened monetary policy at one point to protect jobs and the economy because 10 Downing/Whitehall were pathetic, incompetent and damaging their own country (sound familiar?)

Anyone who reflexively complains about “printing money” either has an agenda or doesn’t know what they’re talking about.
 
Question is whether the Conservatives can update their playbook. The fact they’ve been testing out “carbon tax Carney” suggests not, but we’ll see.
 
lecoqsportif said:
“Printing money” is not a good thing. Nor is it bad thing. It’s just a thing.

Sometimes the economy needs it, most of the time it doesn’t. In the case of the UK, they loosened monetary policy at one point to protect jobs and the economy because 10 Downing/Whitehall were pathetic, incompetent and damaging their own country (sound familiar?)

Anyone who reflexively complains about “printing money” either has an agenda or doesn’t know what they’re talking about.
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When printing is business of selling like US doing it is fine but printing here means inflation, have you received any income indexation during last 3-4 years? Equally to cost of living?
 
CRL said:
When printing is business of selling like US doing it is fine but printing here means inflation, have you received any income indexation during last 3-4 years? Equally to cost of living?
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The recent inflation episode was caused mostly by a COVID supply shock and to certain extent by policy. And that policy was implemented to prevent vast amounts of household and business bankruptcies that would have caused a catastrophic level of misery that would be way, way worse than the inflation. We were dealt an extremely shitty hand (can’t be overstated), and for the most part the policy choices turned out to the right ones. You have to consider what the alternative would have been…

Anyway, Carney left his job at BoE in 2020 so he has nothing to do with it. He dealt with Brexit.
 
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lecoqsportif said:
The recent inflation episode was caused mostly by a COVID supply shock and to certain extent by policy. And that policy was implemented to prevent vast amounts of household and business bankruptcies that would have caused a catastrophic level of misery that would be way, way worse than the inflation. We were dealt a extremely shitty hand, and for the most part the policy choices turned out to the right ones. You have to consider what the alternative would have been…

Anyway, Carney left his job at BoE in 2020 so he has nothing to do with it. He dealt with Brexit.
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Covid measures were justified, I was referring to inflation as a factor of printing money, chill
 
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