Quote:
Originally Posted by Azure
I guess my point is if the feds would use their legislative power to deal with issues that are under their purview the BoC wouldn't be hammering away at interest rates trying to get inflation down.
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Do you mean trying to subsidize domestic production of semiconductors like the US and their CHIPS act? Because that's likely to be an expensive boondoggle if we tried it here (and it probably will be there as well, but at least Intel exists there). This stuff will almost certainly be solved by the time a new Canadian facility could be built anyway, and the supplies needed are all at huge premiums because Taiwan is building fabs at break neck speed.
Their other legislative initiatives related to inflation can be summarized as giving people government money, which is actually quite inflationary. There is a compassionate argument in favour of that, but it does make the problem take longer to solve.