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Whatever we may think of modern monetary theory, its day in the sun has arrived
Last fall, as Chrystia Freeland began laying the groundwork for a postpandemic recovery strategy that would heap more debt onto the federal government’s already immense pile, she felt obliged to assure Canadians that, no, she hasn’t invited a three-initialled economic bogeyman to live under our bed.“While advocating expansive fiscal policy to battle COVID-19 – and to grow our way out of the coronavirus recession – I am not among those who think Canada should have a fling with modern monetary theory,” the Deputy Prime Minister and Finance Minister said in a key policy speech in late...…Last fall, as Chrystia Freeland began laying the groundwork for a postpandemic recovery strategy that would heap more debt onto the federal government’s already immense pile, she felt obliged to assure Canadians that, no, she hasn’t invited a three-initialled economic bogeyman to live under our bed.“While advocating expansive fiscal policy to battle COVID-19 – and to grow our way out of the coronavirus recession – I am not among those who think Canada should have a fling with modern monetary theory,” the Deputy Prime Minister and Finance Minister said in a key policy speech in late...WW…
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