Sunday, April 22, 2012

The Canadian Press is Part of the Problem

There's a saying that if you're not part of the solution, you're part of the problem. In our struggle against state power, The Canadian Press is part of the problem. Julian Beltrame has published a misleading article explaining his warped view of economics to Canadians. Granted he is not an economist; nor is he an investigative journalist. This piece of propaganda can really only be defined as one thing: Newspeak.

It's a long article, but I'm only going to critique the first line:

Canada’s inflation rate dipped to the lowest level in 18 months in March as price gains in food and gas slowed dramatically — although consumers may find it difficult to see the savings.

“Canada's inflation rate” is a term for a statistic that is supposed to represent the cost of living of every Canadian. It is a calculation of various prices of selected goods and services in the economy during a particular time frame. The result of this calculation is like a snap-shot of the economy; it represents only the past. People are in an ever-changing flux; like all natural phenomena, the market never rests. Therefore these statistics are misleading and probably meaningless.
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation. - Ludwig von Mises
The term inflation isn't the “price” of living, the definition traditionally refers to the money supply. Using this reasoning, the “inflation rate” is best translated as the amount of new additional money that is introduced into the economy during a particular time frame. Using StatsCan, the “rate” of inflation in 2011 from 2010 (difference in M3) is an increase of 7.5%

It is an absurdity to consider a lack of new money in an economy to be of “savings” for consumers. Inflation is like a hidden tax and all taxation is theft. Increasing the money supply without an equal increase of actual wealth is like adding water to milk – it dilutes the quality. When new money is introduced into the economy via the Bank of Canada, prices rise but they do so haphazardly. Some people are more affected than others; consider a senior on a fixed income versus the majority owners of the Bank of Montreal.

Canadians are divided into haves and have-nots. Conventional wisdom applies this reasoning to provincial boundaries, but there's nothing special about invisible lines on a map. Canadians are divided by those who create wealth (social power) and those who destroy wealth (state power). Despite being privately owned, The Canadian Press can be labeled as part of this latter group. A propaganda machine of the Torstar Corporation, The Woodbridge Company and many other special interests; the Canadian Press maintains the status quo. Yellow journalism distorts definitions, facts and statistics. If it's true that not being part of the solution is being part of the problem then the Canadian Press is aiding the destruction of wealth by misleading Canadians on the true nature of the State.

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