It is too bad that there was no question in the debate about the dysfunctional renewal of the inflation control agreement last month. It would have given Maxime Bernier an opportunity to set himself apart from the other candidates again. He is the only candidate who favours a reduction in the Bank of Canada’s target rate of inflation from 2% to something lower. Our incompetent Finance Minister, Bill Morneau, agreed to an increase in the effective target rate of inflation with the renewal agreement, as there has been a substantial reduction in the upward measurement bias of the CPI inflation rate since the 2011 renewal agreement.