02.26.2021 04:10 PM

Three feet by four feet.

New one. Among other things, paint is hard to find in a pandemic.

11 Comments

  1. Ronald O'Dowd says:

    And because of ever rising inflation at the register and for manufacturers as regards input costs, I would hate to know what you paid for those paint tubes.

    But no worries. After all, The Fed tells us day in and day out that there’s no measurable inflation in the economy. Right.

    Here’s a thought: maybe I should take a crack at trying to sell Jerome Powell the Brooklyn Bridge!

    • Terence says:

      On an aggregate basis there is no inflation. There is too much private debt. Federal debt denominated in Canadian dollars is not an issue and has no direct bearing on inflation.

    • Phil Brunet says:

      ….inflation “in the economy?”
      There never was any such beast as inflation “in” the economy. Inflation is a monetary problem, not a problem of the job- and wealth-creating economy. And guess who runs the money supply. That’s right, the same BoC charlatans of Keynesian inflationism who are totally immune from the democratic will of the Canadian people.
      Consider their multiple self-serving rationales for inflation: Hey, look see, it’s higher oil prices. Or the economy is “heating up” and markets are getting “red hot” so inflation “ignites” (the Pyrotechnic theory of inflation). Or it’s “international” inflation – yeah, that’s it, they’re unloading it at the docks in Montreal. Or maybe it’s “cost-push.” Or is it “demand-pull?” It’s hard to remember. No, wait, it’s this here “Phillips Curve.” Anything that distracts, of course, from pointing the finger right back at the Bank of Canada’s vaunted geniuses of Macro-Eco-Nomics, if you please, who have been buggering things up ever since the failed mathematician J.M. Keynes was trying to sell his weirdo ideas to Nazi Germany by pointing out how readily they could be implemented in a totalitarian state (as he gushes in the preface to the 1936 German edition of The General Theory).
      There is a bigger problem. Mainstream economics as a whole is total bullshit. Quantitative economics is total bullshit. There is, for example, no such thing as “economic forecasting.” Facile linear projections claiming to describe the future state of a highly complex, unanalyzable, historically-unique, chaotic, initial-condition-sensitive, non-linear reality? Hardy-har-har. Good luck with that. The real purpose of forecasting is as a palliative to anxiety. Phew! We got this here forecast, see, so now we can find our way around the future. What a relief! Forecasting is anti-neurotic therapy. Your hour is up. Pay the nurse on the way out.
      The economy is ultimately unanalyzable because economics is non-experimental – you can’t isolate economic events under rigorously controlled conditions, as is done in the hard sciences, in order to induce, observe, measure, report and reproduce the constant relations that exist between discrete economic dimensions (which can’t be defined in any event). There is a very real limit to what can be known. Because the various relationships between data points in the trumped-up “computer models of the economy” were never observed, they are in fact pure fabrications that only seem to allow everything to fit together, but any new data added to the model completely invalidate the existing assumptions and everything has to be re-faked. The modelers always need “more data.” Ever hear of a “revised” forecast?
      Returning to inflation, there is more than the annoyance of higher prices. According to the Viennese Theory of the Trade Cycle, inflation, even at lower levels, is a significant factor in causing recessions, because with inflation it becomes much more difficult to discern whether price changes are the result of a change in scarcity (supply vs. demand) as opposed to monetary factors. So the allocation of productive resources is based on misleading signals from price changes, investments become less than optimal, inefficiencies accumulate. Eventually unsold stocks have to be liquidated, capital re-allocated: A recession. Recessions are caused by Central Banks.
      Abolish the independence of the Bank of Canada. Let there be a Minister for the Central Bank who has to answer questions on the floor of the House of Commons. Not perfect, but way better than continuing to live under the worthless theories and disastrous improvisations of the untouchable monetary marabouts.

      • Robert White says:

        Good rant, but you could have characterized Macroeconomics as ‘the dismal science’ with BofC Governor Tiff Macklam dancing on the head of a pin at 25 basis points of lateral degrees of freedom.

        Keynesian Economics was instituted via Richard Nixon when he closed the gold window in 71 to usher in Petrodollar supremacy before USD crashed outright via sound money policy.

        Nobody wants sound money policy anymore because of debt-to-GDP which is as historically high as it has ever been.

        Lastly, theory is tentative until it becomes dogmatic and then it becomes obvious we have to start all over again back at square one.

        Canada’s BofC is merely a branch plant of NYC Federal Reserve Board of Governors.

        Keynes theories worked wonders until 08 and the Late Stage Ponzi Capitalism phase of hyperspeculation via Wall Street investment houses like Bear Stearns & Lehman Brothers who leveraged 44:1 on subprime CMBS & RMBS.

        RW

        • Phil Brunet says:

          OK, but Maynard himself had a hand in instituting Keynesian Economics. The Bretton Woods settlement dates from 1944, and lasted barely fifteen years – oddly enough, the approximate length the first Trudeau premiership.

          Governments may want monopoly money to reduce the real costs of the debt they have accumulated in buying elections, but paying off those loans is small potatoes compared to the economic damage from devaluation; e.g. the UK before Thatcher.

          The ultimate solution, which can’t come soon enough, is to put an end to garage sale democracy and replace it with Social Order. And forcibly remove all trace of collectivist ideologies from schools, media, in fact the entire public space of society.

          Harsh? It’s not an “agenda”, Justin, it’s the very nature of ideological struggles. What else are the lefties up to? But dealing with them – liars, thieves, cowards, traitors, weaklings – will be ridiculously easy.

          • Robert White says:

            I’m a leftie Marxist, and much more left than Trudeau’s Liberals. I’m also as honest as they get and I have Enhanced Reliability Status under RCMP security clearance for purposes of employment with the Government of Canada.

            Never have I lied, stolen anything, become a traitor, or weakling. Cowardice is not in my makeup. I’m just an honest Liberal leftie that can throw down with the best of the best IMHO.

            Would I follow our host if I actually fit any of the above criterion for the ‘lefties’ you characterize negatively as pushovers & intellectual wimps?

            Conflict Theorists like Professor Emeritus Karl Marx are spot on vis-a-vis prognostications. Mandelbrot, Marx, and Minsky understood Late Stage Ponzi Capitalism for what it was.

            Collectivist theories are wholly valid IMHO.

            RW

  2. Phil Brunet says:

    Paint a picture of Justin Trudeau. You could call it “Starry Lies.” Or “The Last Sucker.” Or “Liberal Misleading the People.” Or “Ceci n’est pas un Premier Ministre.” Or “Rube Condescending on a Staircase.” Or “The Persistence of Idiocy.” Or “Le dumbell d’Avignon.” Or “Napoleon Crossing the Public.”

  3. Terence says:

    And yet, the Conservative Party has no policies worth a damn. They plan to shrink the economy (that’s what balancing the budget of a country with a sovereign currency does) and social conservatives have hijacked the party out from under sensible people because Mr. O’Toole sold his soul to the devil. Trudeau has nothing to worry about

    • Phil Brunet says:

      Wrong.

      The foundation of nation’s prosperity resides in the deferred consumption that is the essence of savings, investment, and capital formation, not in the immediate consumption of government revenue and expenditure on sundry spending programs.

      Big Government is Capital Consumption. The long-term consequences do not have to be explained. It’s called “government spending” for a reason. Disingenuously recasting spending as “investment” does not change the facts on the ground. The redistributionist state has a limited lifespan, and we ain’t near the beginning.

      The sovereign currency allusion is opaque.

      According to the logic presented, with nary a balanced budget in its history, East Germany should have become an economic powerhouse by now, but in fact all that remains is an insalubrious, feculent islet off the coast of Cuba.

    • Ronald O'Dowd says:

      Terence,

      I’m confused. Are you saying that Chr├ętien and Martin were wrong to balance the budget and that you disapproved of that at the time? If you did, you really surprise me.

      I don’t know about you, but the social media posts I’ve seen from SCs are not those of happy campers. Some are planning to leave and join the PPC. Is that what people already in control of a political party normally do? I don’t think so. You really need to get up to speed on this file. Nice try though.

  4. Robert White says:

    Second hand stores like Value Village have tonnes of acrylic paints in the tube that artists of yesteryear used and then donated to the used markets for sale at pennies on the dollar plus minimal tax.

    Right now I could buy enough acrylic artists paint to last for a number of years for under $12.00 CDN.

    Used Thrift stores often have good stuff cheap. I got a nice cigar box from some old ship captain for $5.00 CDN. Works perfect too.

    RW

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