Saturday, January 25, 2020

Bank governor credits Liberal stimulus with stronger economy

This rather messes up neoclassical and Conservative economic theories.

OTTAWA -- Bank of Canada Governor Stephen Poloz is crediting the Liberal government's Canada Child Benefit program with the country's strengthening economy, calling it "highly stimulative."

The federal government introduced the amended formula for providing money to parents of children under 18 years old as its first order of business in 2015. It wasn't promoted as a stimulus measure, but as part of a package to help middle-class families.

CTV News

No comments: