Quote:
Originally Posted by Flamenspiel
Yep, what we are seeing is garden variety monetary policy based inflation.
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One positive that could come out of this is inflating away a lot of the massive consumer debt that is kicking around, assuming salaries keep pace with inflation.
In Alberta, where we have a disconnect with salaries vs. the economy, it also will be super helpful. When dealing with existing labour forces, getting decreases in pay is really really hard. Letting the world inflate past stagnant wages is much easier. This is a chance to get our public and private wages back in line with the rest of the country.