- Aug 9, 2022
This spend-without-paying-for-it approach to government won't end well for Canadians. Read more here
This is the whole political drive that lead to Modern Monetary Theory - which basically says you can print an infinite amount of money provided you raise taxes to slow things down when inflation heats up, while ignoring the fact that no gov't survives raising taxes (unless they do it in a sneaky way).
We learned how destructive that kind of thinking is in the 80s. Now, only a generation later we've forgotten all of that and have gone down that same road again.
The article is right - we desperately need to get back to a mental attitude of paying as we go.