Here are some notable snippets from FP Comment columns that ran in January and February. Keep reading.
When it comes to the money, however, there are bigger trails to follow. Maybe FINTRAC could put its dollar-tracking skills to work on another Valentine’s Day announcement from Ottawa, a story buried by the Emergencies Act development. In St. John’s, N.L., the provincial and federal governments formallythe “term sheets” for another federal loan guarantee on the disastrous Muskrat Falls hydroelectric power and transmission project.
In some respects, it’s charming that the government doesn’t have a fleet of its own tow trucks at the ready. Though not surprising. The federal government has awful trouble outfitting itself with equipment, whether ice-breakers, submarines, fighter jets or even functioning payroll software. You can see how tow trucks might befuddle it, too.It would not be the first time central banks overreacted with excess stimulation based on uncertain monetary policy.
and ultimately wage and price controls. It’s a history lesson policymakers seem to have forgotten as they replaced it with modern monetary fantasies to fight the pandemic.
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