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    #16
    Think the Canadian data has anything to do with reality Errol? Most in AB are surviving, but most income in Canuckistan is transferred, not earned, so employment data has little to do with household income. Transferred income is any income that results from government policy either direct or indirect, such as financial repression enriching real estate speculators or milk quota enriching dairy farmers.

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      #17
      Originally posted by ajl View Post
      Think the Canadian data has anything to do with reality Errol? Most in AB are surviving, but most income in Canuckistan is transferred, not earned, so employment data has little to do with household income. Transferred income is any income that results from government policy either direct or indirect, such as financial repression enriching real estate speculators or milk quota enriching dairy farmers.
      ajl, excellent point . . . Out-of-control government deficit spending has created a false economy and the only source of economic growth. And taking from the next generation right now will take many years to correct. A government debt unwind ahead will be painful and unavoidable (IMO).

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