Thursday, July 14, 2022

When Your Elected Leader Does Not "think about monetary policy", Look What Happebs

 https://financialpost.com/opinion/philip-cross-liberals-ndp-have-no-answer-for-inflation-luckily-the-bank-finally-does

"...The left dismisses monetary causes of inflation. Recall that during the past federal election, Justin Trudeau said he had no time for the subtle significance of monetary policy: “When I think about the biggest, most important economic policy this government, if re-elected, would move forward, you’ll forgive me if I don’t think about monetary policy. You’ll understand that I think about families.” Canadian families now suffering under soaring prices for energy, food, housing and all the other necessities of life probably now wish their prime minister had spent time thinking very hard about monetary policy — and recognizing that, right now, monetary policy and the financial well-being of families are tightly linked..."

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