We've unlearned lessons of failed economic policies under Pierre Trudeau

"We've really unlearned the lessons we learned in the 1970s and 80s. We saw the wage and price controls under the previous government in 1970s, the Pierre Trudeau government. And that just didn't work. And this is a basic lesson that economists have known for decades or longer that wage and price controls never fix inflation or lower prices. All they do is scarcity...
You can't fix inflation till you recognize that loose monetary policy let loose after the financial crisis and the pandemic, that's the real culprit. And wage and price controls or tinkering with competition law won't fix that problem."