Powerful politicians can do many things. They can make laws and impose taxes. But they cannot force the bond market to lend them cheap money.

A little more interest could cost Manitoba a lot

By Canadian Taxpayers Federation Todd MacKay—— Bio and Archives--May 19, 2015

Canadian News, Politics | Comments | Back To Full Article

This column originally ran in the Winnipeg Free Press on May 16, 2015 There’s an old joke about power and money. A question is posed to a group prime ministers: if they’re reincarnated what would they like to be in their next life? After mere moments of discussion, they all agree. They would like to be reincarnated as bond fund managers. The reason: because bond fund managers are the ones with real power.

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