Quote:
Originally Posted by opendoor
What inflation? Gas prices are the exact same price they were a year ago.
If they want to give everyone money to reduce the effects of inflation (which is in itself a ridiculous proposition since it increases the money supply to spend on other things), why not at least target something that is more expensive than it was a year ago?
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Well politically, the ship has sailed on this one. I argued this in the federal thread months ago, but every party would send out money. In Alberta, the NDP was saying yesterday that the funds should be sent to people ASAP. So...while inflation pretty clearly peaked last year, and the response is too slow, the government is going to respond.
As I mentioned before, there are three main drivers. The province has a lever in one area. They can't do much about food prices. they can't meaningfully impact costs of shelter (which I would argue has been addressed by the BoC anyway). So....we're left with transportation.