Birdwatch Note Rating
2024-05-13 23:58:27 UTC - HELPFUL
Rated by Participant: CB56C1BC3E26E1C50D935E5EF4B46800171CFBEB8BA402F0B91B1CC8C1F75C7B
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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