Most of my years as a youth included Pierre as our prime minister
By
Mark Schadenberg
Since
we have Trudeau as our Prime Minister, now is a great time to re-introduce
wage-and-price controls as was a proposed economic plan of the 1970’s – as
initially introduced or suggested (the brain child) by the Conservative party
under leader Robert Stanfield.
The
Pierre Trudeau of that era was opposed to the idea originally, but then
modified its principles and moved forward with the idea.
In
2017 could it be a good idea now?
Within
reason and understanding season fluctuations, prices would not be permitted to
rise more than the average wage increase.
Is
it possible? Is the average cost of a roof over your head (your residence in
any form) tied directly to supply-and-demand, or rather the inflation rate.
Rising house prices certainly creates inflation in the overall analysis of economic statistics
and the overall picture. At the same time, the huge number of residential transactions over the past 18 months in Oxford County would indicate only good news for furniture stores, hardware stores, and appliance warehouses.
Yes,
at 50 years young I’m old enough to remember the Liberal Party philosophies of stopping
any attempt to control spiralling inflation in an era before the crazy high
interest rates of the early 1980’s, which I do not remember as I was not home
owner until the 1990’s.
After
the 1974 federal election, inflation continued to rise due to the OPEC oil
scare / shortage, so Pierre Trudeau did eventually introduce limited
wage-and-price controls (Anti-Inflation Act of 1975), but only in certain
segments of the economy. For example, federal employees or anyone working for a
company with more than 500 employees would have wage increases connected to the
rate of inflation.
Could
this work today with spiralling inflation in home prices?
Your
thoughts?
I
realize you would have to look back at that old hardcover about Pierre Trudeau
on your library shelf and recall terms like True Dough.
My
related post about the skyrocketing increase of about 30% in market value for
homes in Oxford accompanies this entry.
By the way, since I essentially grew up in the Trudeaumania years, I have an admiration for Pierrre Trudeau. One graphic posted here includes a list of his many accomplishments, including the Constitution.
LINKS:
Pierre Trudeau links:
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WWW.MARKROYALLEPAGE.BLOGSPOT.COM is:
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