this post was submitted on 14 Jun 2025
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[–] teppa@piefed.ca 0 points 21 hours ago* (last edited 21 hours ago) (2 children)

So we accept that our currency is being debased by an inflation index that barely tracks real inflation, as we buy half of all mortgage bonds federally to juice home values and running QE, but we want to ban algorithms that attempt to maintain profits?

If you don't want prices to rise then perhaps a lower inflation target makes more sense. Maybe even a law that wages automatically rise with inflation. But we all know they don't want that, they would need to actually raise taxes if they did that, and housing wouldn't turn into a giant ponzi scheme that artificially boosts GDP.

[–] phoenixz@lemmy.ca 4 points 19 hours ago (1 children)

How about we ban all of that crap, then? Because algorithmic pricing will be abused, we all know it because things like these always get abused because the abuse is so damn simple.

An absolute no to this

[–] teppa@piefed.ca 1 points 14 hours ago* (last edited 14 hours ago)

What is the outcome you want, to have prices stay the same?

I'm just saying they cant stay the same, if prices do fall then the Bank of Canada will do QE and buy mortgage bonds to push prices up, so what is it you think you are fighting by banning algorithm?