Temporarily Unexpected

10 Replies to “Temporarily Unexpected”

1. As someone with a 12th Grade education (from the 80s before it truly rotted), we had to pass an economics course. I wrote this three years ago, with very few edits required. Why does someone with a single high-school course 40 years ago still know about the M1 money supply and what happens when it increases:

   https://tradingeconomics.com/canada/money-supply-m1

   1) there is no threat of inflation due to the government borrowing then “spending” a trillion dollars
   2) there is no inflation, like we said
   3) there is some inflation, but not everywhere, and its not bad, so point 1 stands, please ignore point 2
   4) there is some inflation in some minor areas such as fuel, housing and food, but its manageable
   5) its only for a short time, just like two weeks to flatten the COVID curve, remember then?
   6) inflation is actually good, Colbert says so, and who would know better than a celebrity millionaire?
   7) the government has a plan for inflation if it ever really becomes a for real problem for real people
   8) you’ll love wage and price controls…
   9) its corporate greed that somehow didn’t exist two years ago, just started overnight
   10) no, increasing taxes isn’t inflationary either
   11) did we mention the inflation that isn’t happening, but would be great, is Putin’s fault?
   12) overturning Roe will damage the economy
   13) CTRL/H inflation/stagflation
   14) CTRL/H stagflation/recession
   15) CTRL/H recession/New Great Depression

   Note: blame the Republicans is taken for granted for being 1a), etc.

2. does that mean they are starting to run out of way to hide/manipulate it?

   1. It means that enough people are noticing that the information coming out of the government bears absolutely no resemblance to the reality that they are paying for every day.

   2. Why do you think Junior is getting his snow boots ready for the the inevitable “walk in the snow” later this year…

      1. Caligula, I’d be more than happy to chip in for a snow machine for him, if he would take that walk now!

         1. Only if you can promise that its electric, and we can convince him to make the announcement in Nunavut in December.

            Alone.

3. The CHEAPEST gasoline in my area is at the COSTCO located in the “little Mexico” neighborhood of Concord, CA … there … you can buy gasoline for the low, low, price of $4.69/gal. Everywhere else it is > $5.00/gal. And the cheapest cut of beef is $11.49/lb.

   The cheapest gasoline in my little slice of Lilly white Bay Area suburbia is $5.19/gal. … because we white people are so privileged.

   1. 4L is very close to a US gallon. 4L at Costco in Courtenay, BC is $7.69 Canadian. Canadian $ = .75 US. so $7.69 x .75 = US$ 5.75 a gallon. so we are US$ 0.76 more expensive here. Hope my math is correct. Please point out any errors. Thanks.

      1. Just add the current bank rate for US money to the total canadian dollars

4. Interest rate increases will not solve supply issues, nor provide abundant energy, nor solve the compounding impact of carbon taxes.
   They will exacerbate the inflation that the above created though – which is the intent.