The speeches are free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.
Prices and Incomes Commission. Mandatory wage and price controls. Inflation and high unemployment. A review of a previous speech given two years previous (see "What Price for Price Stability?") and the three major topics of discussion. What happened since then and what the Commission learned from it. Exemplary material from the experiences of both Canada and the U.S. are used. The role of institutional lags in the process of adjustment. John Kenneth Galbraith and his policies. How lessons learned can be applied.