Hard Money, Hard Times: Why Zero Inflation Hurts Canadians
|After the recession of the early nineties, the economy is once
again booming as a result of the more moderate policies pursued by the Bank of
Canada in 1996 and 1997. Why then is the bank so anxious to return to a
high-interest, hard-money approach?
The eight independent economists featured in this volume argue that a return to the hard-money approach of the early nineties will be disastrous for the country. They explain why the bank is pursuing high-interest rates once again, and they show why moderate policies on inflation and interest rates are essential if we want to create growth, shrink unemployment, and further reduce government deficits.
Edited by Lars Osberg and Pierre Fortin. Published by James Lorimer and Company, 1998.
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Last modified: May 21, 2000
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