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Episode 25: The Bank of Canada's Mandate (Why Zero is Dangerous)
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Episode Summary If inflation erodes our purchasing power, why doesn't the central bank target zero percent inflation and keep prices perfectly still? In this episode, John and Jane unpack the mandate of the Bank of Canada. They reveal the deep, counterintuitive dangers of zero-percent targets, detail how the Bank maintains operational independence while coordinating its goals with the elected government, and explore how "talking" itself serves as one of the most powerful policy tools in…
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