Canada

High interest increases mortgage payments, which increases rent, which affects workers as well.

From the votes we can see your comment is controversial.

Maybe historically your statement would be true. But, I strongly feel that what we're going through right now is completely different.

You can't say that inflation isn't caused by corporate greed when companies are making huge windfall profits after the pandemic on basic necessities like food and medication. This is 100% greed. In some other markets, prices became high because of high demand and low output due to supply chain issues during the pandemic, like for construction materials or computer chips, but these problems have been resolved since then and yet, companies still charge the same high price.

Yes, pumping money into the economy has had some effect, and I believe they are planning on raising taxes to correct this, but they're going to tax the workers instead of taxing companies who benefited from this relief in the end. Without that money being injected, people wouldn't have spent anything. And it's not like people could save this money. They had to spend it to survive.