Quote:
Originally Posted by Chadillaccc
I'm really hoping that after this nation-wide boom ends, that the governments (Municipal, provincial, federal) really invest in a lot of infrastructure and quality of living improvements like parks, community centres, sidewalks, water mains, and stuff like that.
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It makes a lot of sense for governments to start in on work like this when the economy softens since it is a way to generate jobs when they are most needed and since the cost of labour and materials is normally lower when there is an economic slump and demand falls.
Unfortunately, a lot of governments seem to do the opposite. When times are good they feel like they are rich and over-spend, then when times are bad they cut back, making the problem worse. There can also be cases where market cycles don't line up properly, so for example a period of reduced economic activity in one region corresponds with high global prices.