Canadians Need A Break From The Inflationary Policies Of Trudeau & The Bank of Canada

Those who caused the problem are unwilling and unable to fix it.

In what appears to be a near-constant event in Canadian politics going forward, the establishment is once again criticizing Pierre Poilievre:

“Cryptocurrencies are not a way to “opt out” of inflation and they will in no way replace the Canadian dollar, said the two main officials of the Bank of Canada in an apparent rebuke to Conservative Party of Canada leadership candidate Pierre Poilievre.

Note that Poilievre has spoken of Canadians freely choosing to put some of their money into Bitcoin, not some sort of official government shift away from the Canadian Dollar. Of course, statists have a tough time understanding the idea of ‘voluntary’ actions without government force or coercion, hence they distort what Poilievre said.

Further in the National Post article, other MPs opposed the idea of criticizing the Bank of Canada.

But here’s the thing:

The Bank of Canada wields immense power, and in a democratic country those who wield power are supposed to be accountable.

That means being open to criticism.

This is particularly the case given that the Bank of Canada has made repeated errors in their projections and their policies:

“We got some things wrong.”
— Governor Tiff Macklem

@bankofcanada acknowledges missing repeated inflation targets and warns higher interest rates may risk driving the economy back into recession.

We really need to take note of what is happening here.

The political establishment expects us to believe that the Bank of Canada can be wrong over and over again, can enable Trudeau’s reckless-spending, can damage the economy and reduce the purchasing power of Canadians, and then be exempted from criticism?

Further, they expect us to then direct our criticism towards Pierre Poilievre, one of the few politicians who was warning about the damage being done by Trudeau/Bank of Canada policy?

Absurd.

Clearly, the political establishment is trying to circle-the-wagons in order to prevent Canadians from realizing how much damage the policies of the Trudeau government have done, and how the Bank of Canada has enabled those policies.

The Inflation Tax robbing Canadians

Why is the establishment so desperate to direct criticism away from the Bank of Canada & the Trudeau government?

Because, if Canadians firmly connect the surge in prices to government/central bank policy, they will see the Inflation Tax for what it really is and demand significant changes.

Statist politicians love the inflation tax because they can rob us of our earnings without appearing to do so directly. This makes it easier to get away with, and tougher for people to oppose compared to a new tax that we could all see on every bill.

It also enables statists to say the economy is ‘growing,’ even as wage growth and GDP growth fails to actually keep up with rising prices, meaning Canadians are getting poorer in real terms.

Canadians need a break from inflationary policies

More and more Canadians feel they are working harder and harder yet continually falling behind.

And people feel that way because it is true.

The policies of the Trudeau government such as the carbon tax and ever-higher spending generate inflation, making life more and more expensive.

The Bank of Canada has enabled those policies with rampant money printing, which further increases the cost-of-living since more money is chasing fewer goods.

This has exacerbated inflation, adding to the impact of supply chain problems.

For this reason, Canada must cut taxes, remove the carbon tax, restrain spending, and return to the principle of sound money in order to get the cost-of-living under control.

It’s no coincidence that those are the exact policies the establishment opposes.

Spencer Fernando

Photo – YouTube

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