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Why Food Prices are High - Inflation II

To understand why food costs are increasing, it is important to separate the inflation caused by money printing by banks and governments from the real cost increases occurring in the real economy.

Real cost increases in energy production (see “Why Gas Prices are High) make everything more expensive as energy is the prime resource. Food production is quite energy intensive and therefore very sensitive to energy costs. Also, nitrogen chemical fertilizer is largely an energy transformation process while the natural mined potash is a slowly depleting resource. On top of that, Russian supplies of potash may be reduced given the long war on-going in Ukraine.

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Why Gas Prices are High - Inflation I

Money printing by banks and governments has generated a great deal of inflation but looking beyond that, real cost increases have driven up many prices. Monetary policy will not affect the real cost increases driving a substantial portion of what we term “inflation”.

Energy cost increases cause all prices to rise as energy is the primary resource. Energy is an increasingly more expensive commodity however as we deplete the richest resources and move on to less dense and smaller sources.

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Canadian Population Milestone

At this point in the early 2020s, Canada’s population has reached over 38 million people. Demographic models in the late 1900s forecast that with balanced immigration Canada’s population would stabilize near 28 million sometime between 2020 and 2030. The increase of 10 million has been driven by the highest immigration levels in the world and represents a milestone of imposed population growth.

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Canada’s 2030 Climate Strategy: The Farce Continues

Donald Trump (yes, that Donald Trump) beat Justin Trudeau in the race to reduce Greenhouse Gas Emissions

We can safely put Canada’s Climate Action Plan 2030 announcement in the same category as Justin Trudeau's "Canada is back!" claim. In the period 2016 to 2019, JT's “We’re Back!” Canada was outperformed on emissions by Donald "Climate Change is a Chinese Plot" Trump. US emissions went up 0.6% over that period and Canada's went up 3.4%.

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Our wellbeing, or a healthy GDP?

In the spring of 1968, Robert F. Kennedy gave a speech that has echoed for half a century. It was a notion he’d been playing with for some time, and it became part of his campaign in his bid to become the Democratic presidential nominee. He suggested that gross national product was the wrong measure of a nation’s success. What he called Gross National Product, what many also refer to as Gross Domestic Product, measured nothing but money and output.

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Support Putin, Drive a Gas Hog!

If you want to ensure that Vladimir Putin can finance his war in Ukraine by selling every barrel of oil he can pump, please continue to drive a big internal combustion vehicle on as many unnecessary trips as you can think of. Gas demand will go up and prices will skyrocket and Putin will be easily able to afford all of those bombs and rockets he so dearly loves to use against uncooperative civilian populations.

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