Excellent analysis, relevant not just to Canada. The point about the merits of deficit spending in a period where rates lower than inflation is crucial.https://twitter.com/JimboStanford/status/1238580327137726464 …
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People assume whats good for them personally, low debt, controlled spending in tough economic times is good for the government. What’s right for government is the opposite of what “feels” right for a person.
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See: "The Protestant Work Ethic and the Spirit of Capitalism" by Max Weber
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Debts can be bad if too high (Greece). But then there are special times like these now where they are particular good. Debts are not a simple yes/no thing. It's a matter of circumstances and hight in comparison to economic power and taxes.
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