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Is This Runaway Inflation a Consequence of Runaway Monetary Policy?
You could have hardly hoped for a worse outcome to entice canadians int over investing on margin and real estate, then cranking up the interest rates. The housing industry accounts for about a third of our economy. A sheet of plywood in british columbia is now a hundred dollars. You can't buy a vei for love nor money. Most, most large scale appliances and that sort of thing, especially those that depend on chips are in unbelievably scarce supply. One in five container ships right now across the world is locked in a port somewhere, unable to move because of back ups.