>“In the current circumstances, if you have fiscal space, it’s the time to use it,” he said. “Over a medium-term horizon, the government’s super committed to making sure the debt stays low and the fiscal policy is managed responsibly.”
This is my reading as well. While the latest budget is a bit of a heavy spend, it is doing so at a time when a heavy spend is warranted. Sometimes a Government must spend money to invigorate growth or change or both.
>“The environment to invest in Canada is very persuasive,” he said, though he added that case would be strengthened if the uncertainty posed by US tariffs went away.
I won’t hold my breath. If there’s any certainty wrt Trump it’s that he tends towards making good situations worse, for everyone involved.
>“With rating agencies looking to this data when assessing creditworthiness, that reinforces the government of Canada’s strong credit rating,” he wrote in a report.
>
>[..]
>
>“Sometimes I find Canadians don’t actually realize how good they have it,” Chalk said.
Mr Chalk has PhD and MA in Economics from UCLA, and an MSc in in Economics from the London School of Economics. Prior to his tenure as Director at the IMF, he was a Managing Director at Barclays.
> “The gap between Mr. Carney’s boasting and his results is perhaps unprecedented,” Poilievre charged. “As (American historian) Daniel Boorstin said, ‘The greatest enemy of knowledge is not ignorance. It is the illusion of knowledge.’”
>
> “None of this is to despair or disparage Mr. Carney, who’s a perfectly fine gentleman. It just to point out, and with the greatest respect, that Mr. Carney has been wrong about every major economic issue of the last decade,” Poilievre said.
Debatable.
I’m fairly certain Carney isn’t _wrong_ about our current situation with the USA; and I don’t think he was particularly _wrong_ in his approach as Governor of the Bank of England _or_ as Governor of the Bank of Canada. Or that he has been all that wrong about the need to embrace a Green economy, even if he seems to have walked back on the urgency with which we need to embrace it.
But I believe Poilievre is well aware that many voters are unlikely to grasp that there isn’t a strictly _correct_ or _incorrect_ set of choices to be made in _exceedingly_ complex decision making. Sometimes we have to walk back on our previous choices; other times we have to leap frog our expected timeline and accelerate faster. The world is a complicated place.
1 Comment
>“In the current circumstances, if you have fiscal space, it’s the time to use it,” he said. “Over a medium-term horizon, the government’s super committed to making sure the debt stays low and the fiscal policy is managed responsibly.”
This is my reading as well. While the latest budget is a bit of a heavy spend, it is doing so at a time when a heavy spend is warranted. Sometimes a Government must spend money to invigorate growth or change or both.
>“The environment to invest in Canada is very persuasive,” he said, though he added that case would be strengthened if the uncertainty posed by US tariffs went away.
I won’t hold my breath. If there’s any certainty wrt Trump it’s that he tends towards making good situations worse, for everyone involved.
>“With rating agencies looking to this data when assessing creditworthiness, that reinforces the government of Canada’s strong credit rating,” he wrote in a report.
>
>[..]
>
>“Sometimes I find Canadians don’t actually realize how good they have it,” Chalk said.
Mr Chalk has PhD and MA in Economics from UCLA, and an MSc in in Economics from the London School of Economics. Prior to his tenure as Director at the IMF, he was a Managing Director at Barclays.
Which, in comparison to Carney’s DPhil in Econ at Oxford and tenures at multiple national banks during major economic crisis, would make Chalk’s qualifications rather _illusory_. That is, if we’re to believe [Poilievre’s rejection of intellectualism and _real world experience in banking_](https://www.thestar.com/politics/federal/pierre-poilievre-attacks-mark-carneys-economic-credentials-says-he-presents-the-illusion-of-knowledge/article_402866cc-1ca2-45a9-985c-419549c3d792.html):
> “The gap between Mr. Carney’s boasting and his results is perhaps unprecedented,” Poilievre charged. “As (American historian) Daniel Boorstin said, ‘The greatest enemy of knowledge is not ignorance. It is the illusion of knowledge.’”
>
> “None of this is to despair or disparage Mr. Carney, who’s a perfectly fine gentleman. It just to point out, and with the greatest respect, that Mr. Carney has been wrong about every major economic issue of the last decade,” Poilievre said.
Debatable.
I’m fairly certain Carney isn’t _wrong_ about our current situation with the USA; and I don’t think he was particularly _wrong_ in his approach as Governor of the Bank of England _or_ as Governor of the Bank of Canada. Or that he has been all that wrong about the need to embrace a Green economy, even if he seems to have walked back on the urgency with which we need to embrace it.
But I believe Poilievre is well aware that many voters are unlikely to grasp that there isn’t a strictly _correct_ or _incorrect_ set of choices to be made in _exceedingly_ complex decision making. Sometimes we have to walk back on our previous choices; other times we have to leap frog our expected timeline and accelerate faster. The world is a complicated place.