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The era of federal deficit spending without an inflation spike has come to an end. Given the combination of supply-chain interruptions and monetary expansion, higher prices were inevitable.
Fergus Hodgson is the director of “Econ Americas,” a financial consultancy, and publisher of the “Impunity Observer,” a geopolitical intelligence service. He is the author of “Financial Sovereignty for Canadians: Untether Yourself from the Ottawa Leviathan” (2024).