@colin_korol "But then finally the masses wake up. They become aware inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money for “real” goods."
What did government do with 100 years of our silver money?
@toronto_morning Surely additional fiat currency units, whose wholy creation requires nothing more than a mouseclick and a printing press, will not bid up the prices of scare resources that cannot be created on a statists or bankers whim.
@globeandmail "Ottawa to bid up food prices via monopoly on currency creation. Public to denigrate private businesses for responding to government policy of inflationary spending."
Canada is in a Rubberband Depression. The stage of a fiat economy where measurements of prosperity continue to stretch away from lived economic reality, while digital consensus mechanisms normalize the divergence until confidence can no longer be maintained.
@globeandmail Governments don't invest as they are non-productive entities that obtain assets through a monopoly on force, coercion & creation of unbacked credit. They spend tax payers wealth & do not bare the burden of loss.
@GenXCarlyT@VancouverSun The former saw an entire highway system re-egineered, infrastructure & arenas built & upgraded across multiple cities, SkyTrain extended to YVR and a large amount of dwellings constructed in False Creek.
What does Vancouver gain after the "beautiful game" leaves along with MLS?
@nationalpost High speed rail, space exploration and AI data centers sound great.
In practice it took us 15 years and $13,000,000,000 for a glorified trolley in Eglinton, we call a dirt patch a space center & off-grid data centers running off trapped/flared LNG were demonized (BTC mining)
@msmocrown@CP24 Anyone who watched 21 months of an inverted bond yield curve that ended 18 months ago would correctly point out depression, but Canadians now lie about everything all the time.
We essentially have to print money to pay the interest on money that we’ve already printed
But sure… a decentralized, finite, censorship resistant network protocol that fully audits itself every 10 minutes is the scam here, folks 😂