Sometimes one has to wonder why any investor would bother to park his money in Canada these days. In the case of a particular parliamentary committee looking at food prices, the solution being offered to rising prices is to hit competitors with higher taxes. I’m sure that will make food prices go down, right?

If Canada’s Competition Bureau finds that grocery store giants are profiting excessively from food inflation, the federal government should consider slapping a windfall tax on those excess profits.

Rather than condemn such a ludicrous idea, the  milquetoasts at the Retail Council of Canada had this to say:

“While we welcome the collaborative tone of the report, we would caution against increased government intervention in the operational aspects of the retail food business.”

We’ve all heard the term Military Industrial Complex, but economist Peter St. Onge has come up with a new term for the actions of central banks as they vainly attempt to “manage” the economy: the Crisis Industrial Complex.

In essence, the Fed plays venture capitalist to the crisis industrial complex. Financing each crisis in that vulnerable early stage when voters might not be up for paying $14 trillion to run around Afghanistan, or $7 trillion to pay people not to work, or the $50 to $90 trillion — not a joke — they want for a New Green Deal.

This bridge financing is important in that start-up stage of a new crisis, when the product’s not off the ground yet. Like offering a free trial to get somebody to subscribe, it has to be free long enough for the parasitic supporting infrastructure of academics, activists, media, and crony companies to build up, to metastasize. That venture stage manufactures the consensus, identifies and censors the dangerous conspiracy theories, keeps the money flowing to the opportunists who will sustain it as a permanent parasite.