Gaslight Wednesday

Vincent J. Curtis

27 Apr 22

RE: Debt sale may make inflation worse.  Op-ed by Dr. Yannik Beaudoin, seinor economist and director of innovation at the David Sukuki Foundation; and Mark Anielski, an economist and author of “The Economics of well-being”  The Hamilton Spectator 27 Apr 22.

RE: “We’re failing the test on vaccination” Spec editorial.  This editorial follows on the new item critiqued yesterday "Heaping hatred on the unvaxxed."

It must be gaslight Wednesday at the People’s Daily.  We get a pair of economists insisting that inflation isn’t ‘too much money chasing too few goods,’ and the editorial demands Kim Jong Un like election percentages for the three shot vaccine regimen, on the grounds that its better than young men get pericarditis than that the elderly die from one too many co-morbidities.

Some things are so stupid that only intellectuals can believe it.  The Spec editors must think themselves intellectuals when they run an op-ed by economists who say that inflation isn’t too much money chasing too few goods.  When the Bank of Canada sells government debt; the transaction takes cash out of circulation, cash that could be used to buy goods and services instead.  Less cash, less inflation; that’s why the Bank does it.  The selling of war bonds in WWII tended to dampen inflation.  The war economy had full employment, good wages, but little to spend the cash on.  Manufacturing was turned over to war work.  War bonds took cash out of circulation.  The Spec op-ed gives us Marxian nonsense instead, all for the purpose of sowing confusion and anger.

The collectivism continues with the editorial lamenting that not enough young people are sacrificing themselves for the good of the old and infirm.  The vaccines are worthless for the young because (a) they don’t get sick enough from the virus to require hospitalization, and (b) the vaccines are nearly useless against the Omicron and BA.2 variants anyway. For the good of the collective, young men have to risk pericarditis!  People who are older than average life expectancy are at risk of dying from one too many co-morbidities, and it’s the insufficiently vaccinated who are to blame if they die!

When the good of the collective takes precedence over the good of the individual, it’s time for that individual to find a different collective.

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