Quote:
Originally Posted by MonctonRad
JT unfortunately has apparently become a disciple of modern economic theory which states that a sovereign country like Canada, in full control of it's own monetary policy, can essentially ignore the (inconvenient) concept of debt, because they can simply print new money in order to pay for whatever it is that they want to spend for.
This jives perfectly with previous JT aphorisms such as "the budget will balance itself"
We'll just ignore the fact that printing new cash willy-nilly just devalues the dollar, and leads to inflation.
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I understand your concern regarding the country's fiscal situation, but in terms of the subject of this string, would suggest that Halifax should be a fiscal martyr and give the money back?
"Sorry Justin,...thanks for offering to invest in new infrastructure, but we can't in good conscience, and for the greater good of our country, accept your offer to coast share...we have to refuse to accept this cash. Please give it to London, Ontario."