Birdwatch Note Rating
2024-05-14 14:58:23 UTC - NOT_HELPFUL
Rated by Participant: 63AC7EB3177AE2BAA5AED02EC18BC04E91201F7903E3839A4010448630C5C543
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).
All Note Details