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Whatever we may think of modern monetary theory, its day in the sun has arrived

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...

April 12, 2021
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