Birdwatch Note Rating
2024-05-14 06:16:50 UTC - HELPFUL
Rated by Participant: 2E6A1E5EFA60A012EC3C0F9B61D2839202C1A9A087A4F48A9D31F2C8E93145FC
Participant Details
Original Note:
Inflation is primarily a result of deficit spending and quantitative easing, not corporate greed as suggested by the NDP leader. Quantitative easing results in a cantillon effect whereby money creation disproportionately benefits the wealthy. https://www.fraserinstitute.org/studies/canadas-fiscal-policy-has-undermined-efforts-to-tackle-inflation https://www.investopedia.com/terms/b/biflation.asp#:~:text=A%20Cantillon%20effect%20is%20an,Adam%20Smith%20and%20David%20Ricardo).
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