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Jack Mintz: Alberta should stop capping auto insurance rates

Preventing companies from covering their costs eventually causes them to leave the market, which many have done since caps came in

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With the recent oil price shock, “affordability” will be as big an issue with Canadian voters as it currently is with American. Which means it will be on politicians’ minds, too. Unfortunately, their first thought for dealing with inflation is often to resort to blunt force: economy-wide wage and price controls (as in the 1970s, another oil-shock era) or sectoral controls like those on apartment rents in five provinces today.

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