41
submitted 11 months ago by [email protected] to c/[email protected]
you are viewing a single comment's thread
view the rest of the comments
[-] [email protected] 0 points 11 months ago* (last edited 11 months ago)

Uh well I believe we should celebrate getting inflation closer to the 3% target because that’s a healthy economic indicator. It’s not “propaganda” if you remember high school economics.

[-] [email protected] 3 points 11 months ago

Thank God I won't be homeless for Christmas, that gets to wait until January now. :)

Just kidding, I'm still renting because I can't afford to save for a down-payment. :)))

[-] [email protected] 2 points 11 months ago

OK so then show me some data showing the rich vs poor income, scaled to inflation.

I'm sure it'll be a nice linear trend where everyone's income increases at the same rate right?

This is what I mean by propaganda, you could argue for and against inflation in a million different ways - all that matters at the end of the day is its net effect, keeping people poor

[-] [email protected] 1 points 11 months ago* (last edited 11 months ago)

I don't understand what's your point here. I didn't meant that 3% is a great inflation to have forever, I just said that going from 4% to 3.8% is good because the target is 3%. BoC meeting its targets is the good economic indicator. It's a single indicator, not synonym of a perfect economy, and a great economy doesn't translate into great society/QoL either.

this post was submitted on 17 Oct 2023
41 points (97.7% liked)

Canada

7130 readers
249 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Regions


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


💵 Finance / Shopping


🗣️ Politics


🍁 Social & Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS