Harper: Post-pandemic inflation will force central banks to hike interest rates
Stephen Harper · Stephen Harper: Rejecting Wokeness, Addressing China, and Defending Western Values · Joe Lonsdale · Jul 27, 2021 · at 5:19
Former Canadian Prime Minister Stephen Harper warns of the macroeconomic consequences of post-pandemic stimulus spending and rising inflation.
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“Now you're getting consumer inflation, and what happens, Joe, I mean, let's say we've been through this movie before, what happens is, at some point, this requires interest rate hikes. And as soon as you have interest rate hikes, you have impacts on investment, and you have, more importantly, all of a sudden, all this quote, affordable government spending is not so affordable.”
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