TrickyRicky
Senior Member
When I was talking about inflation in my previous post I wasn't speaking about CPI inflation but a kind of street real world inflation. CPI is largely BS except to the extent it informs some suits in their rate-making decisions, a number to hide behind to pretend such decisions are rational and not political.
The street real world inflationary measures Wynne is in favour of don't raise costs at CPI levels, they raise costs at double digit levels per year at best, at worst they create massive 25% and greater shocks.
When the middle-class restaurant owner in my previous example can no longer operate or no middle-class individual can start a new business we have a problem. It's not that business won't exist, it's that the only people who can participate must be already well capitalized. In other words inequality increases.
It's not that these issues aren't universal it's that Wynne is insensitive to the rate of change. The rate of change matters as much as the change itself. Conservatism is a resistance to change. The critique of Wynne I see is a complaint about the rate of change, by doubling down on the change rate I feel she is driving many people towards Conservatism at least in terms of this election.
The street real world inflationary measures Wynne is in favour of don't raise costs at CPI levels, they raise costs at double digit levels per year at best, at worst they create massive 25% and greater shocks.
When the middle-class restaurant owner in my previous example can no longer operate or no middle-class individual can start a new business we have a problem. It's not that business won't exist, it's that the only people who can participate must be already well capitalized. In other words inequality increases.
It's not that these issues aren't universal it's that Wynne is insensitive to the rate of change. The rate of change matters as much as the change itself. Conservatism is a resistance to change. The critique of Wynne I see is a complaint about the rate of change, by doubling down on the change rate I feel she is driving many people towards Conservatism at least in terms of this election.