leyland1989@lemmy.catoCanada@lemmy.ca•Opinion | Bank of Canada’s fight against inflation is a war on workers
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1 year agoThe inflation is fueled by short supply rather than excess demand.
I’m no economist but if our current supplies cannot even meet the baseline demand, rising rate does little to nothing but hurt the average Canadian.
The average Canadian already have nothing left to “cut” on their spending, people gotta eat and shelter. This is the baseline demand. Unless the goal is to make people homeless and starve, without increasing supply and invest in productive investments, the inflation will not end.
Corporate investors can’t wait for you to default on your mortgage! They can scoop up all these discounted properties and rent it back to you.