"Leave your 500k mansion for a 2 million dollar crack shack in one of our fine cities; though you will need to pay higher taxes you'll luckily be in a lower tax bracket since you'll be making half as much!"
I still remember when Vancouver was trying to entice tech companies to move there by advertising Vancouvers low salaries.
Well I think a big issue with that is monetary policy. Which bids up the price of goods using debt, as everything becomes financialized. It used to be a mortgage had a real physical cost as a lump of gold moved around, now its just numbers in a computer created out of the ether, and this bids up the cost of living in order to derive what we call economic growth. A transfer from the young to the old essentially.
The 2% inflation we attempt to achieve is after hedonic adjustments, substitutions, and investments are taken out, and so the money supply grows at 10% a year as people are clinging by the skin of their teeth to eek out more aggregate demand to attempt to infinitely grow an economy.
The 2% inflation was decided in the 90s with no real logic put forth as to where it would lead, and its obviously lead to huge bubbles and asset inequality as people try to profit off the first mover advantage of their debt being debased, as the CPI was progressively modified to loosen the money supply to promote more economic growth over time.
In the late 80's they removed housing appreciation from the CPI for instance, and what do you expect that did to home prices? They did that to fix another problem with the CPI, which was that raising interest rates raised inflation during Volcker, making it a feedback loop that lead to the double digit increase in rates. So it was already broken and it was then patched like it was a car held together with duct tape.
I'd always assumed they gave them a salary as well. Thats what I have at my job.
When you buy an ETF you have no choice but to invest in Brookfield.
Steven Guilbeault owns pipeline companies as well since its part of the Canadian pension, its an idiotic take.
You should try this thing, its pretty neat, just press maya or miles. Though it requires a microphone so you may have to open it on your phone.
https://www.sesame.com/research/crossing_the_uncanny_valley_of_voice#demo
Strange thing we arent even questioning why someone breaking a law in Canada should have bounties placed on them from a foreign country in the first place, and it seems to set a very scary precedent. If you speak out against the CCP this could be you, as this guy was an influencer while in Canada.
https://saifedean.com/the-fiat-standard-chapter-11
This ones got a good section on the great depression.
"The imposition of trade barriers in turn resulted in a further deterioration of economic conditions in the countries imposing them, even as their own citizens suffered from these very policies. The governments imposing such barriers, and the economists advocating them, would of course never admit that inflation, increasing centralization, and protectionist policies caused the progressively worsening depression. Instead, political leaders blamed other countries and local ethnic minorities. Years of scapegoating and growing hostility toward foreigners and minorities came to a head in 1939. The world's totalitarian fiat regimes began to turn on each other and on their ethnic minorities. Hayek had identified this threat to global peace in his “Monetary Nationalism and International Stability” lectures in 1937."
I still cant sleep my computer with a 2070 Ti. I just shut it down and start it up every time, which is pretty shitty.
If you read the project 2025 document you'll see a section on the federal reserve, we seem to already be on the way there with Trump surprisingly. Which the document suggests capital punishment and a border wall, its not a document by the Fraser institute its a document crafted by Trump, you're an fool if you cant see that.
https://static.project2025.org/2025_MandateForLeadership_FULL.pdf
Without inflation, when you require raising taxes to actually pay for things, you'll see how much people are willing to spend for their DEI institutes and doing plays for other countries to cringe at.
TMNT Turtles in Time is the only game I've seen that does this. You set it to super hard and it gives you the most continues.