That sounds like Keynesian ideology, which means investing in infrastructure. Which is not what we spent all that debt on.
teppa
joined 1 month ago
The government took on debt the same as households, using low interest rates to lever themselves up. Now that rates are rising due to aging demographics we are forced to look at our debt burden.
This is why what Trudeau Sr did was stupid, and why what Trudeau Jr did was stupid, all that spending is future austerity. The only way its not is if you debase the currency further using QE, and you shift those bonds to the FX market via a depreciated currency, which ends up in even higher interest rates.
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Hasnt the US lowered their emissions by displacing coal?