Print more money create inflation and show growth.

It was the style at the time!

You’re assumption is that population is sitting on savings that are to be deployed. High inflation takes care of savings, if any savers are left in Canada given the explicit war on savers this country has waged over the last 10 years.

Currency devaluation response is interest rate increase. What do you think happens when record leverage in the real estate market meets rate increases and high inflation? It ain’t the 70s anymore, particularly because unions have disappeared which used to put pressure on employers for wages.

That’s incorrect, because falling productivity and high unemployment isn’t inflation, it’s stagflation. The author was distinguishing between the two, not whether it’s possible for inflation to occur with falling productivity with no concern for output.

Show us one case in history where healthy inflation was created with falling productivity and high unemployment? It doesn’t happen, because that’s by definition stagflation.

You’re not arguing with the author, you’re arguing with the dictionary.

That’s not “half the story,” the print was created to address the deflationary pressures that were caused by the energy shock. The point was made, you boomers just need to have the final word so you can feel like relevant. Go talk to your grandkids, cause no one cares about when you wore an onion on your belt

You are right, rise in productivity does not go hand in hand with inflation

Stagflation is more than just currency devaluation, it also implies a lack of growth and/or productivity within the economy.

It is highly unlikely we will see real estate price appreciation in an economic environment of stagflation, especially considering the real estate industry now represents a ridiculously large component of our GDP

If yields end up catching up to inflation, real estate in such an environment will be dead in the water.