It can’t possibly only be the job of the central bank when the government can effectively print money backed by unsecured debt.
Inflation will only end when people run out of money to (over)spend. The BoC is doing their part by making debt cost more, the government is acting in reverse by handing out more and more “free” money which enables people when they would have otherwise run out.
It can’t possibly only be the job of the central bank when the government can effectively print money backed by unsecured debt.
Inflation will only end when people run out of money to (over)spend. The BoC is doing their part by making debt cost more, the government is acting in reverse by handing out more and more “free” money which enables people when they would have otherwise run out.
You’re actually thinking devaluing our currency is an option.
Inflation is literally devaluing our currency, every dollar is worth less.
This is how I know you need to learn more.
Ok, please explain how my money is worth more when I’m able to buy less with it.
You’re actually thinking devaluing our currency is an option.