Less than a week after naming his new cabinet vowing a renewed focus on the concerns of Canadians, the one name Prime Minister Justin Trudeau couldn’t keep out of his mouth on Monday was Pierre Poilievre. At a housing announcement Trudeau brought the Conservative leader up multiple times, from panning his policy proposals, to his leadership style.
Inflation isn’t something that anyone really gets to “do anything” about. The most successful applied economic model to explain inflation boils down to “when people start talking en masse about expecting inflation, companies take that as license to raise prices.” Every other economic model fails to reliably explain, predict, or resolve inflation, including the most popular - changes in interest rates.