Bleak post-pandemic future looms as government keeps borrowing from private banks instead of Bank of CanadaEd Finn | Economists are already warning that pandemic-induced borrowing amounts will have to be repaid. This will likely entail the imposition of higher taxes and cuts in public services.
|Columnists Linda McQuaig | For years, we've submitted to the economic orthodoxy dictated by Bay Street: that governments must deliver balanced budgets and low spending. Then along came the pandemic.|
|Columnists Duncan Cameron | As we transition out of economic lockdown, the bank should encourage debt forgiveness. Easing mortgage and credit card debt is an effective way to promote growth.|
|Columnists Duncan Cameron | Justin Trudeau stated that no Canadians should go without because of the coronavirus crisis. As prime minister, he should commit to relieving the despair of fellow citizens faced with destitution.|
Governments that borrowed interest-free from Bank of Canada now incur massive debts borrowing from private banksEd Finn | Most Canadians are not aware that, prior to 1975, the construction of major public facilities, as well as the provision of social programs, were funded by interest-free loans from the Bank of Canada.
|News Ed Finn | A new book by Joyce Nelson provides practical challenges to corporate rule.|
|Blog David J. Climenhaga | Never mind the spin. The actual Bank of Canada note concluded that the benefits of increased minimum wages outweigh any depressant effect they may have on job creation.|
|Blog Christopher Majka | Re-asserting public control over our money supply is a critical democratic and economic issue. Paul Hellyer has spent decades advocating for monetary reform and at age 93 is not slowing down.|
|Columnists Jim Stanford | Every five years the federal finance minister updates the "marching orders" that guide the Bank of Canada and its conduct of monetary policy. The time is right for some new thinking.|
|Blog David J. Climenhaga | Both sides have a point…but we should be able to figure out which point is right!|
|Columnists Duncan Cameron | The falling dollar is what drives Canadian economic policy today. This may come as news to Canadians, because it has not been announced by the Trudeau government.|
|Blog Michal Rozworski | While elites argue amongst themselves about how to respond to Canada's soured economic outlook, the overriding context is a transfer and concentration of economic power upwards.|
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