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Originally Posted by Firebot
2 wrongs don't make a right...whataboutism doesn't exonerate the BoC I am afraid. No one is singing US's laurels here as far as I can tell.
Our housing problem is a purely Canadian problem and it was left to run wild. Inflation may have been poorly predicted, but the impacts of policies will hit Canadians harder.
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Every developed economy is dealing with inflation though. It's not like some countries pursued an amazing strategy and avoided this. In fact, the one country that doesn't have an inflation issue today is China...and I'm sure you're not clamoring for Covid lockdowns to make that happen here!