this post was submitted on 24 Jul 2024
32 points (97.1% liked)

Canada

7106 readers
230 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Regions


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


💵 Finance / Shopping


🗣️ Politics


🍁 Social & Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 18 points 1 month ago

The policy rate is sitting right around where it was prior to 2008. In the years that followed, the economy went nuts, and a big part of that insanity was masked by the essentially free money capital was able to get from lenders. Venture Capitalists managed to gain immense influence over so much of our daily lives, and employers masked their ever growing share of the pie with ever cheaper and lower quality consumer goods that got cheaper relative to overall inflation.

Rather than fix the underlying problems, they're signalling that they want to go back to sweeping them under the rug.

Fun.