Tylerd90 said "Government handouts is just going to keep increasing the inflation that the turd in Ottawa has already put onto our country. What needs to actually happen rather than these feds giving out these handouts is to get rid of that idiot running our country. "
Increasing inflation has been a long time coming and was inevitable. The influence of the pandemic, the Ukraine invasion and other production failures haven’t helped.
It is a worldwide phenomenon that can’t be attributed to any one government.
Central banks have manipulated the economy for over 30 years with excessively low interest base rates that created a false sense of economic stability and growth. This has created an inefficient workforce with poor productivity . Most western economies are reliant on providing services and importing cheap goods. During this time money has been too cheap , individuals , businesses and governments have borrowed beyond their means and property prices have risen too high and too fast.
The cure is higher interest rates , higher prices of consumer goods and falling property prices and the employment market will have to cool. We will all need to enter a period of austerity and reduce consumer spending.
Unfortunately most people haven’t realized or accepted the need for this correction and consumer spending is not reducing fast enough. The reality is there are tough times ahead for all of us and we will have to adjust our lifestyles accordingly.