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Why we can’t just 'stop printing money' to get inflation down

By Jacqueline Best, Professor, School of Political Studies, L’Université d’Ottawa/University of Ottawa

With the Bank of Canada announcing an oversized interest rate hike this week, it might seem like central banks are coming to the rescue us from inflation once again. Yet while they did play an important role in mitigating a COVID-induced recession, central banks don’t have the power to solve our inflation problem.

There’s no question that the inflation…

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