Wednesday, May 31, 2006

Capitalist Demands Regulation

Regulate the market for me please.

"While I understand the Bank of Canada's role is to control inflation by varying interest rates, I have a hard time understanding why it only steps in when there is a loss of confidence in the Canadian dollar, and not in the opposite case when there is excess confidence." Laurent Beaudoin, chairman and chief executive of Bombardier Inc., questioned Bank of Canada policy at the company's annual general meeting yesterday.

See: Before the Crying Starts

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