Money and Money equivalents.
Credit == money
High deficits need to be borrowed or printed
More money, same or fewer goods == higher consumer prices
Low rates, financial deregulation, covid money printing == price inflation now
The entire city of #Yellowknife is being evacuated. This is unprecedented and terrifying.
And thousands of citizens aren’t aware because Meta continues to block news in the country.
This is what happens when citizens are convinced to use an American multinational corporation as their community’s primary communications channel — a corporation that couldn’t give two shits about anything except its “fiduciary duty” to shareholders.
Hear, hear. Exactly; it's a link tax. And financially, it makes no sense to pretty much anyone, so the companies choosing not to pay to link was both predictable, and in fact predicted by many, many people - pretty much everyone except members of the Canadian #dinosaur#media, #politicians, and anti-capitalism #zealots.