Chrystia Freeland comes bearing good news
“Laying a foundation” for the economy of tomorrow. It is a speech that pledges literally nothing but spending today and spending tomorrow with a vague shrug that someday, maybe, we’ll stop
By Canadian Taxpayers Federation -- Aaron Wudrick, Federal Director—— Bio and Archives--November 2, 2020
Canadian News, Opinion | Comments | Back To Full Article
Considering the shape of Canada’s economy, you might assume Finance Minister Chrystia Freeland’s recent speech to the Toronto Global Forum would have contained some grim bits. But there was no sign of sobering statistics. She didn’t mention Canada’s deficit has ballooned more than any G-20 nation. Nor did she note Canada is struggling with the highest unemployment in the G-7.
Rather, it was a surprisingly upbeat, good news speech. Because, according to Freeland, the government has money to spend. Or rather, money to borrow. And you’d better believe it’s going to borrow and spend it. The kicker is that there won’t even be any unpleasant consequences.
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