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.