Author Topic: Government Day-to-Day  (Read 53108 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #810 on: November 20, 2020, 05:03:29 pm »
Not according to modern monetary theory where the government creates money when stimulus is required and raise taxes when inflationary pressures build.  The main objection appears to be that politicians will fail to raise taxes when required.  The solution is to not leave too much of the power to resist doing so in their hands.  Make it more a function of the central bank. I.E. redistribute power instead of wealth.
Trudeau had planned to add almost 100 billion to the debt by 2024 before Covid was a thing.
"Never trust a man without a single redeeming vice" WSC