Petition updateLet’s use our publicly-owned Bank of Canada to its full potential as per the Act of 1938Huge amounts of the public debt are unnecessary transfers to the big banks...
Jean-Pierre RicherSt-Hubert, Canada
Feb 7, 2017
Enthused about Justin Trudeau’s victory and his infrastructure campaign platform, Paul Krugman wrote in the New York Times (October 23, 2015), “We’re living in a world awash with savings that the private sector doesn’t want to invest and is eager to lend to governments at very low interest rates. It’s obviously a good idea to borrow at those low, low rates … . Let’s hope then, that Mr. Trudeau stays with the program. He has an opportunity to show the world what truly responsible fiscal policy looks like.” Of course, borrowing from the Bank of Canada at NO interest rates would be even more fiscally responsible, and would keep policy decisions out of the hands of foreign lenders.
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