Well you're seeing some obvious flaw that I'm not. How does 2% inflation stave off devastating effects on capitalism? Is it a velocity of money issue? Or is it a matter of all nations needing to devalue currency at the same rate to keep trade steady?
Hyper-inflation is a special case wherein confidence in the government issuing the currency has basically collapsed; let's set that to one side.
I have no problem imagining a capitalistic nation-in-a-bottle which matches the expansion of the money supply to population growth and a pound of potatoes in 2020 costs the same as a pound of potatoes in 1980. Where do the devastating effects of a stable currency come from, other than in trade wars caused by the debased currencies of other nations? We can do capitalism without fractional reserve lending, we just get a slower velocity of money.
Your prices from 1980 aren't adjusted for inflation.
The point of the price comparison was to ballpark the rate of inflation which currently exists, in order to answer your question "Do you think they will have a massive inflation problem?". Inflation exists, it exists partly because of government money printing but mostly because of fractional reserve lending. It's only a problem if it accrues consequences. The consequence of inflation, for me, is that saving money means my savings get bled away by a hidden tax. Consequence of that is to avoid that tax I have to put my money into the stock market. Consequence of that is a stock market sloshing around middle-class money that doesn't really want to be there, with the attendant wealth transfer from the middle-class to the professional investor class. I think inflation is a problem because consequences of inflation accrue to me. Others might think it's beneficial because they can profit by it.
Gold in 1980 - $614
Gasoline in 1980 - $1.19/gal
Avg House in 1980 - $76k (@20% interest)
Gold in 2020 - $1773
Gasoline in 2020 - $2.60/gal
Avg House in 2020 - $285k (@3%)
So it looks like 1$^1980 ~= 3$^2020. That's not Zimbabwe by any means, but it does mean a dollar has lost 2/3 of it's purchasing power just in my lifetime.
I don't understand this scandal. A shitty person got appointed GG, she did a shitty job and then resigned. Just appoint a new one and carry on. The GG doesn't craft or execute policy, its a figurehead role. I'm always happy to see something embarrass Trudeau, but I'm not even sure how this does; just because he appointed her? Of all the things the media could be lambasting Trudeau for, this seems weak.
Having standards can be challenging. Nevertheless, the key to a happy life is asserting boundaries. I'd rather have a smaller circle of friends made up entirely of decent people than a large social circle infested with liberals. Lay down with dogs, you wake up with fleas.
Mulroney was the incumbent Prime Minister. Scheer was a manilla envelope taped to a beige wall.
Manning based his party on regional discontent that the West was being ignored by Ottawa (which was true). Bernier based his party on losing the CPC leadership race to said manilla envelope.
He did manage to put up candidates in all(?) ridings, but it was a poorly planned, hastily executed operation. I'd argue that the PPC shouldn't have run at all in 2019 and spent at least two years building a base before contesting a general election.
I voted PPC all the same, but mostly because the vote of a conservative in Ottawa Centre doesn't count for anything.
Especially anyone who voted for this god damn spineless weasel 'leader' as their 'number 1' choice.
Remind me, who was the CPC superstar we were supposed to vote for post-Bernier? They're all weakly conservative career politicians with no charisma to speak of.
Ive been down this road, and not that I didn't enjoy myself in the moment, but in retrospect those were three years which did not contribute to my future happiness and prosperity. Save yourself some time: find a marriageable Canadian woman and get to work building a family sooner rather than later.
I'm honestly not sure if this means you think we all like Bernier or you think we all want to set Bernier on fire out of spite.