Even with our federal government buying half of all mortgage bonds and extending amortizations to further devalue our dollar to gift it to boomers who own multiple rental properties?
I guess our government wasnt deliberate enough, they should just send cheques out to home owners directly.
I created it in Word and opened it in Teams by accident once.
I think it was supposed to foster cooperation, just as the equalization payments were. Yet Alberta or BC still cant export energy to Europe. Quebec is a dead weight on Canada's productivity, and are like a spoiled child, the only role they play is in swinging the election one way or another.
Trump didnt sway the election in any way?
I figured people were afraid Pierre was going to side with Alberta and not do anything about Trumps tariffs on manufacturing. Since Alberta could easily survive 10% tariffs, while the east could never survive 25%.
What if we only funded infrastructure with debt, instead of consumption. Then we wont run into a scenario where we need to start selling assets to pay our creditors. Kind of like Keynes suggested long ago.
I may be left leaning, but I am also afraid of giving voters more power over the economy. Everything we do in housing, which is something people do have a high degree of control, is screwed up. People also want a huge amount of social programs but low taxes.
What do we do, set our inflation target to -2% instead?
I Learned discrete math, got an A, didn't learn a damn thing.
Alberta despite its small population makes up a great deal of our current account balance, which is what gives our dollar value in the world. On this value we've taken on over 90% federal/provincial debt to GDP, and we already have a grave productivity problem, yet you want to wipe out one of our most efficient industries so that you can feel good about yourself while doing nothing to prevent climate change.
Heres what tends to happen when your debt gets above 90%, which further puts a drag on our growth, and may be a large contributor as to why we have been second to last in the OECD since 2015 per capita.
https://www.businessinsider.com/kenneth-rogoff-carmen-reinhart-sovereign-debt-2010-8