Quote:
Originally Posted by GGG
Not really, if people run out of money to chase the goods then consumption drops and inflation does at well. People having less money reduces inflation regardless of the price of goods.
Claimping down on borrowing criteria for credit cards and lines of credit likely would have been another lower pain way of fighting inflation along with increasing taxation.
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Well that's part of the problem. Consumer debt in Canada is currently sitting at $2.36T. That feels like a massive house of cards.
https://www.consumer.equifax.ca/abou...redit-cards-1/