By Fraser Institute —— Bio and Archives--May 23, 2021
VANCOUVER—The idea that the Bank of Canada can continue to finance government debt by printing money without a clear commitment to repayment, known as Modern Monetary Theory (MMT), poses enormous risks to the Canadian economy, finds a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.
“Modern monetary theory is a pipe dream, and if the federal government and Bank of Canada go down this road, the damage to the Canadian economy could be substantial,” said Steven Globerman, resident scholar at the Fraser Institute and author of A Primer on Modern Monetary Theory.The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.
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