Gunter: They mess up, you pay.
Back last month, Bank of Canada Governor Tiff Macklem told the Canadian Federation of Independent Business that high inflation was going to be a problem for a while – a few months at least – but the country’s small businesses could do their part to bring inflation down by not negotiating wage hikes into contracts for their employees.
Nice theory, I suppose, but it was Macklem’s and the bank’s theories that got Canada into an upward inflation spiral in the first place. So, I’m not sure I want to hear any of Macklem’s theories about how to break inflation’s back.
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