Back in August 2015, while still trailing the NDP in some polls, Justin Trudeau pulled off an impressive political feint. Having committed himself to a balanced budget just a few
Print money as necessary. As long as that new money is going into developments that will grow in value over time, it will be fine. Trading a depreciating asset for an appreciating asset. Also expropriation already happens all the time, for example land for HSR tracks, and investment still happens. Investors will get over it.
Okay, now that you’ve made it significantly harder for anyone to invest in anything Canadian ever again your solution is to spark massive inflation (do you not remember how much that sucks?) while making every import more expensive…
This feels like trumpian economics/worldview wherein it’s just easy answer now, long term real world consequences be damned!
No, I just disagree with neoclassical economics. We can look back over the last 40 years and see that an overreliance on private investment leads to wealth inequality and unstable societies, the rise of right wing pseudo populism and figures like Trump. The style of economics you favour is an abject failure and needs to be abandoned.
Print money as necessary. As long as that new money is going into developments that will grow in value over time, it will be fine. Trading a depreciating asset for an appreciating asset. Also expropriation already happens all the time, for example land for HSR tracks, and investment still happens. Investors will get over it.
These suggestions just keep making things worse!
Okay, now that you’ve made it significantly harder for anyone to invest in anything Canadian ever again your solution is to spark massive inflation (do you not remember how much that sucks?) while making every import more expensive…
This feels like trumpian economics/worldview wherein it’s just easy answer now, long term real world consequences be damned!
No, I just disagree with neoclassical economics. We can look back over the last 40 years and see that an overreliance on private investment leads to wealth inequality and unstable societies, the rise of right wing pseudo populism and figures like Trump. The style of economics you favour is an abject failure and needs to be abandoned.
The fact that real downsides exist doesn’t magic away the myriad problems your solutions would cause.