Inflation may have been limited if COVID-19 stimulus was lifted earlier: Bank of Canada

[The_Foxer]

Inflation may have been limited if COVID-19 stimulus was lifted earlier: Bank of Canada - National | Globalnews.ca

Deputy governor Paul Beaudry said in hindsight, governments and central banks should have withdrawn stimulus measures earlier as economies recovered from the COVID-19 pandemic.

globalnews.ca

And there it is - the admission of what everyone (sane) already knew. The scary thing is that Trudeau is now switching from Covid "stimulus" to "inflation relief stimulus". It will do the exact same thing - put upward pressure on inflation which will force the banks to raise rates to fight it, which will cause suffering which presumably cause the feds to issue more 'relief' stimulation, and so on,

Stop the economy, i want to get off.

 

[Ron in Regina]

 

[The_Foxer]

It's the sad truth that the people who are most vunerable will be hit the hardest, while the liberals CLAIM to care about the poor and elderly

 

[harrylee]

Think we have problems with this here?

Feds say $45.6 billion in pandemic unemployment aid was likely stolen

Government probe shows scammers used the Social Security numbers of more than 200,000 dead people to claim jobless benefits.

www.cbsnews.com

 

[The_Foxer]

Yikes. Well we know that kind of thing happened and we know that a lot of corporations abused (even if they didn't out and out scam) the systems as well.

 

[Wise]

Just buy the products that inflate least.