Hard Money, Hard Times: Why Zero Inflation Hurts Canadians

Following the recession of the early 1990s, the Canadian economy boomed under the moderate policies of the Bank of Canada. Why, then, would the Bank wish to return to a high-interest, hard-money approach? The eight independent economists featured in this volume argue that this shift could prove disastrous. They examine the rationale behind high interest rates, and argue that moderate policies on inflation and interest rates are essential to the creation of growth, and the reduction of unemployment and government deficits. Hard Money, Hard Times offers a series of lucid, independent analyses of the challenges that faced the Canadian economy in the 1990s.

• Format: Paperback
• Language: English
• ISBN: 1550286129
• ISBN13: 9781550286120
• Release Date: January 1998
• Publisher: Lorimer
• Length: 208 Pages
• Weight: 0.70 lbs.
• Dimensions: 9.0" x 1.0" x 6.0"

Customer Reviews

Best Ever Book on Contemporary Canadian Economic Policies and History

This brilliant book is worth whatever price you must pay even if you just read the editors' introduction, which puts the whole volume in context, and their concluding chapter, Credibility Mountain, which all Canadians should read. Surely the most brilliant book on Canadian economic policy of our times.