Birdwatch Note Rating
2024-05-14 02:09:27 UTC - HELPFUL
Rated by Participant: 53FA3102AAD5B4DDFFD9E8519266A6F7FA6F049F2026B506865EE94F811084EF
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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