a couple of years ago, the price of oil skyrocketed due to a war and other issues, and the idiots at the bank of canada thought increasing interest rates would reduce the effects of foreign conflicts on commodity prices, which created a brutal housing crisis. now, our government has foolishly hiked tariffs to respond to an economic attack by donald trump, and the inflation rate is predictably up. are the retards at the bank of canada going to raise rates again?

inflation has nothing to do with interest rates or with unemployment. the philips curve is thoroughly debunked and dead and buried, but the government won't adjust. it continues to use an inflation model that was proven wrong almost 50 years ago.

i would actually benefit from both inflation and higher interest rates, so long as i don't have to move soon, and i'm happy to watch these things move together and laugh at the eggheads when they complain that the philips curve isn't working. the tariffs are gone now, but sellers may never reverse prices back to the place they were before the tariffs were implemented, which should have in itself been a reason not to do it.

the bank of canada needs serious systemic reform. it's been waiting decades for something to replace the philips curve, and nothing has; nothing will. the connection is false. there's no causal relationship to uncover because there's no correlation in the first place.

if the bank hikes rates again and cites inflation from the retaliatory tariffs, tiff macklem should be tarred and feathered and forced to spend a day in the economics 101 class at the school he graduated from in a clown costume.