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Inflation reality and Canada’s 1980s economic outlook
A caller notes 100 in 1971 equaling 369 now implies 24.6 percent annual inflation via compounding, while official stats show under 12 percent. The piece argues Trudeau's legacy is disgraceful, predicts higher taxes and potential wage and price controls, and warns of possible economic collapse in 1985 86 with high interest rates and unemployment.
MENTIONED IN THIS ARTICLE
Trudeau
Feds
University of Toronto
Doug Tigert
Tigert
Canada
Eet
Robin Hood
Ottawa
U.S