Inflationary rhetoric is as dangerous as the real thing

Nobody is uniquely responsible. How about moving beyond the futile, repetitive exchange of ideological antiquities to relief—at least for the most harshly affected.

At Bank of Canada Governor Tiff Macklem's well-attended press conference last week, he predicted a period of discomfort followed by a return to two per cent inflation by 2024 and a healthy and growing economy, writes Susan Riley.The Hill Times photograph by Andrew Meade

Opinion

BY SUSAN RILEY

October 31, 2022

CHELSEA, QUE.—Inflation—the word, at least—is a powerful political weapon. So are rising interest rates. And, while neither are welcome economic developments, as a rule, they have widely different consequences for various groups in different parts of the country. That’s why grand claims, con...

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