BoC Religion the reality

Posted by on August 8, 2017

Andrew Jackson is adjunct research professor at the Institute of Political Economy at Carleton University, and senior policy advisor to the Broadbent Institute.

The Bank of Canada started to tighten monetary policy, asserting that the market will be operating at full capacity. This activity was guided more by the economic dogma of a “natural” unemployment rate created by Milton Friedman back in the 1970s than by hard evidence of a looming increase in inflation.

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