That is good to hear.
So what is wrong with people in Alberta? Why do they always seem to adopt policies that accentuate boom-bust cycles as opposed to moderating them?
I agree that the compensation has been egregious but that is in part a reaction to historically ultra-low real borrowing rates in the wake of the Sept. 11th blowback attacks.
There has been plenty of solid political support for over-the-top simulative monetary policy. Nobody questions the FED's employment mandate and it would seem the Bank of Canada has now adopted employment as part of its mandate.