Inflation, Debt, and the Elite: Why Mark Carney Isn’t Working for You

Mark Carney has publicly stated that inflation can be a good thing. But let’s take a closer look at who actually benefits from it. Here’s why inflation can work in favor of the rich: 1. Rising asset values – Inflation often drives up the price of real estate, stocks, and other assets—things that wealthy people already own. 2. Debt devaluation – It reduces the real value of debt. If you own property or businesses with loans, inflation eats away at the amount you owe. 3. Better investment access– The rich have the resources to invest in inflation-resistant assets like gold, commodities, or foreign markets. You see the pattern now? Inflation works for the wealthy. Meanwhile, let’s talk about Canada’s debt situation: - Federal debt**: Around $1.3 trillion as of 2024—about $34,000 per Canadian. - Ontario alone: $440 billion in provincial debt—$29,000 per resident. - **Total federal + provincial debt**: Over $2 trillion, nearly 75% o...