There’s an adage that “inflation is too many dollars chasing too few goods.”
If there are too many consumers and not enough goods or services to go around, prices go up. And up.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
This rapid and massive expansion of Canada’s money supply has had a profound impact on inflation in this country.tap here to see other videos from our teamYes, certainly, international supply chain slowdowns and businesses’ troubles in finding more workers has meant there are too few goods and services to satisfy demand, which has driven prices up.
That money is mostly still sloshing around out there. It’s also one of the biggest reasons housing prices have skyrocketed: There are hundreds of billions of dollars on the market and a limited supply of housing.The Trudeau Liberals spent almost $400 billion on pandemic subsidies – by far the most, per capita, in the developed world. They didn’t have an extra $400 billion to spend. They didn’t tax an extra $400 billion from Canadians.
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