Bank of Canada Independence Vs. Accountability
The origin of the concept of central bank independence is a critique of social democratic ideas prevalent during the middle part of Friedman’s career.
The origin of the concept of central bank independence is a critique of social democratic ideas prevalent during the middle part of Friedman’s career.
There should be no fiscal restraints on the needed response to the pandemic crisis, and we need to also ensure that we avoid another round of austerity when the economy recovers.
The real fiscal choice in the election is between tax cuts which deliver small benefits to many, or ambitious investments in public services which deliver a much bigger and fairer bang for the fiscal buck.
Without that information, how do we answer the central question – are we making the right choices that will help us live up to our vision of greater equality?
Balanced budgets sound appealing to many voters, but legislation to balance the books each and every year is poor economics.