I've been a bit mum about this for a while, but now that I've officially given notice of terminating a contract today, I can speak more on this.
I'm officially moving myself and my practice to Alberta in August!
Modern economics is a circus, and proponents of MMT are the clowns.
MMT proponents dress up inflationary financing in academic jargon, but you're witnessing the same monetary snake oil that governments have peddled for centuries. Every empire from Rome to Weimar told citizens they could print their way to prosperity. The Romans debased their denarius. John Law flooded France with paper livres in 1720. The Continentals became worthless by 1781.
Modern Monetary Theory repackages this ancient temptation with PhD credentials and colorful charts. Stephanie Kelton and her disciples claim deficits don't matter because the government creates dollars. They argue inflation only appears when you hit "resource constraints." But this ignores how money creation distorts price signals from day one. When the Fed conjures $3 trillion in 2020, those dollars don't sit idle waiting for full employment. They bid up assets, reward speculation over production, and transfer wealth from savers to borrowers.
The MMT crowd loves pointing to Japan's debt-to-GDP ratio above 250% without hyperinflation. Yet Japan suffered two lost decades of stagnation while the Bank of Japan propped up zombie corporations. Japanese households saw their purchasing power erode as real wages stagnated and asset bubbles inflated. You call that success?
Money printing doesn't create wealth: it redistributes it. Every dollar the Treasury spends into existence represents resources diverted from private hands to political priorities. The Pentagon gets its $800 billion budget whether or not taxpayers can afford it.
Zimbabwe's central bank also believed it could print without consequence until inflation hit 89.7 sextillion percent in 2008. The Fed just has better marketing.
@OlsenConrad@Citizen004@ABDanielleSmith I agree that the conditions make it very unlikely to materialize, so that could be true, but I dont think smith wants to give more ammo to the independence movement.
Charlie Angus claims Quebec separatists never met with US officials (see below)... they did! Before spouting off his mouth, Angus needs to do a little research
"I have never seen the Parti Quebecois been talking about taking American money to break up our country."
"But a small group of Alberta separatists are talking about breaking up our country and may have met with top officials in the White House."
TorStar May 29 "In the months before he was elected premier of Quebec in 1994, Parti Québécois leader Jacques Parizeau was secretly flown on a private jet to an undisclosed location somewhere in New England. Not even his bodyguards knew where he was going. He was brought to an empty house with nothing but a table and left sitting across from three officials from the U.S. State Department.
The Americans wanted to understand exactly what an independent Quebec would mean. They asked Parizeau about NATO and Norad. They questioned him about the integrity of the territory and the future of free trade. They went into details as specific as the high and low waters of Hudson’s Bay. They were interested in precisely where the borders of a sovereign Quebec might lie.
According to Jean Royer, Parizeau’s chief of staff, who recounts the story in the recently released documentary ”1995 — Espoirs et trahisons” on the 1995 referendum, Parizeau later said all the years of preparation he had done across every subject came together in that unusual place." @CharlieAngusNDP /2
I used to be a federalist.
I used to believe in Canada.
I love what Canada once was.
On the wall in my office is my Canadian Armed Forces Officer Commissioning Scroll, and a copy of the Canadian Charter of Rights and Freedoms.
But the Canada of today is not the Canada I grew up in. It is no longer the nation I stood up for.
Canadians rights have been disregarded. Democracy has become just a byword, not what citizens can expect and aspire to without a fight. Ideology has replaced equality and justice. Families are under attack.
Over the past year I have examined the facts. I stepped back to self examine my own biases. I looked behind the curtain of the Canadian government press releases and media "reporting".
What I found was a broken nation, its heart and soul gone, its character reduced to identity politics and forced unequal wealth redistribution. Scandals. Dishonesty. Empathetic suicide. Self destructive economic policies.
In my recent advocacy for an Alberta referendum to give everyone a voice, I have been slandered, attacked, threatened, and received such vulgar responses from federalists that it is truly shocking and heartbreaking. But seeing how far Canada has fallen, it is not surprising. It validates the point that the Canadian experiment has failed.
Today my Canadian Armed Forces Officer Commissioning Scroll, and a copy of the Canadian Charter of Rights and Freedoms are still on my office wall as a historical record.
Today I support Alberta Independence.
Today I grieve a lost and destroyed Canada.
I miss what Canada once was, but it is time to dust ourselves off, stand up again, and move forward.
On October 19th, vote for a brighter future. Vote for Option 2.
LMAO this is what they're trying to use to claim foreign interference now?
By this standard, anyone who recieves any impressions discussing anything on here about other countries, and then getting paid for impressions, is doing foreign interference.
They got 14$ from meta... 🤪
Fact Check: The focal point of a CBC investigation turned out to be a noodle vendor from Indonesia, who, while piggybacking on discussions about Alberta's independence movement, earned $14 USD in a month from Meta.
https://t.co/LqP1uOx1CR
@gordo_10001@GCarabine@FreeAlbertaRob He doesnt understand the concept of "net" gain or loss. He also thinks Alberta doesnt lose anything to Ottawa financially. Its a waste of effort 🙄
I've been a bit mum about this for a while, but now that I've officially given notice of terminating a contract today, I can speak more on this.
I'm officially moving myself and my practice to Alberta in August!
I’m all for folks pointing out the potential risks of Alberta separating. That’s a healthy part of the debate.
But this whole “the separation debate is killing investment” argument is complete BS. Every economic indicator says the exact opposite. Every. Single. One.
Muzzling important discussions is foolish. Have a free and open debate and trust Albertans to make the right decision.
@Smileyyeg Imagine If a grocery store made an ad for straights saying something like:
"want to be tasty for your girlfriend this valentines? We have some pineapple for your juices"
yea thats too low class... imagine having to explain the ad to your 7 year old or something...