this post was submitted on 19 Sep 2023
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Canada
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Yeah, interest rates are blunt instrument, and aren't going to "fix" this.
I get that the BoC only really has the one tool, but this is bigger than the BoC.
Until we can all agree that our goal as a society moving forward should be "sustainability and stability" and not "profit increases year by year at any cost", its not going to get better.