Central banks have no way of preventing corporations from setting prices higher - and no one else is trying. So central banks have to convince 'the market' they're willing to cause a recession.
I cited this article in my neo-liberalism orthodoxy trials at Algonquin College ;)
That's so awesome, thanks for sharing! I highly recommend checking out these resources too:
Armine Yalnizyan - for example - https://www.thestar.com/business/opinion/2023/01/25/bank-of-canadas-1990s-playbook-is-anti-worker-and-this-isnt-the-90s.html
David MacDonald - https://twitter.com/DavidMacCdn, and
Jim Stanford - https://centreforfuturework.ca/2023/01/20/profits-not-wages-have-driven-canadian-inflation/
Thank You! I will check them out!
I cited this article in my neo-liberalism orthodoxy trials at Algonquin College ;)
That's so awesome, thanks for sharing! I highly recommend checking out these resources too:
Armine Yalnizyan - for example - https://www.thestar.com/business/opinion/2023/01/25/bank-of-canadas-1990s-playbook-is-anti-worker-and-this-isnt-the-90s.html
David MacDonald - https://twitter.com/DavidMacCdn, and
Jim Stanford - https://centreforfuturework.ca/2023/01/20/profits-not-wages-have-driven-canadian-inflation/
Thank You! I will check them out!