Originally Posted By: King Brown
Dave, Dave, you're talking about the Liberals balancing the federal books in the early 90s. It was tough, real tough.The recession and Keynesian consequences came 15 years later.

It's true Canada's earlier fiscal management got us through the recession better than any others in the G20 but Keynes entered during the recession. That's partly why the majority Conservative government is in high deficits now.

It isn't happenstance that The Bank of England has just hired our former Bank of Canada governor, Mark Carney, to get Great Britain on its feet. First time the venerable bank hired a foreigner for the job in its 400-year history.

I'm in your debt for bringing to the board's attention what a country can do to yank itself out of the hole, by putting its mind to it instead of playing to the gallery as it does in Washington.





Keynesian economics has NEVER worked and you have ZERO proof it ever did just babbling BS that you famous for !



In 1980, Canada's unemployment rate was 7.5%. After years of excessive government spending, by 1992, it was 11.2%. Along comes austerity, and the unemployment rate falls from 11.4% in 1993 to only 6.3% in 2006.

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