Mike's Daily Comment
The World Health Organization Special Envoy for COVID-19, Dr. David Nabarro, just stated that the WHO doesn’t support lockdowns as the primary tool to fight COVID-19. (Photo: Reuters)
I know people love getting a freebie from government but before we borrowed even more money – isn’t it past time we started making sure the recipients were hurt by the pandemic?
Quote of the Week
George Orwell’s brilliant take on the tyranny of the status quo.
Shocking Stat
A real life, current example of what happens when governments create money out of thin air.
Goofy
The Alberta Federation of Labour’s shocking campaign to punish businesses and workers who dare disagree with their politics.
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Is the Debt Sustainable
Posted by Michael Campbell
on Wednesday, 14 October 2020 6:18
Maybe. The former Head of the Bank of Canada, Stephen Poloz, says it depends on what the borrowed money’s spent on. Hint: sending cheques to just about everyone won’t do it.