Love when you write on politics, because despite yours being the best data in the world, in the end, finance comes down to politics.
In Canada, our labour movement and its economists are neoclassicals and, in some respects, are more wedded to finance and Bay St. (416) than the Conservatives or Liberals.
Millions of Canadians rely on the
credit union system for their financial capacity. Canadian labour -- through its credit union associations and through their membership in the Canadian Payments Association -- is helping to steer financial policy in this country. Wonder what Tommy Douglas might think about bank spreads post-Covid?
Opening paragraph accounting textbok please: Balance debits and credits; or, for national acounts, public deficit equals private surplus.
Your example of not helping out pensioners with heating costs make sense. But here in Australia, as you would know, there is a housing crisis and i believe there has (maybe not so much now) been a shortage of construction workers/trades and materials to do construction. So not so much money was a limiting factor, but more materials and workers. So, would it be a case of the government having to more actively manage their spending so they don't compete for scarce resources in other sectors at certain times?
For example, if there is a shortage of construction workers, but an excess of tech workers, direct government spending towards IT and cybersecurity projects?
I really don't know what i'm talking about here. Just asking.
Steve,
Love when you write on politics, because despite yours being the best data in the world, in the end, finance comes down to politics.
In Canada, our labour movement and its economists are neoclassicals and, in some respects, are more wedded to finance and Bay St. (416) than the Conservatives or Liberals.
Millions of Canadians rely on the
credit union system for their financial capacity. Canadian labour -- through its credit union associations and through their membership in the Canadian Payments Association -- is helping to steer financial policy in this country. Wonder what Tommy Douglas might think about bank spreads post-Covid?
Opening paragraph accounting textbok please: Balance debits and credits; or, for national acounts, public deficit equals private surplus.
Hi Steve
Your example of not helping out pensioners with heating costs make sense. But here in Australia, as you would know, there is a housing crisis and i believe there has (maybe not so much now) been a shortage of construction workers/trades and materials to do construction. So not so much money was a limiting factor, but more materials and workers. So, would it be a case of the government having to more actively manage their spending so they don't compete for scarce resources in other sectors at certain times?
For example, if there is a shortage of construction workers, but an excess of tech workers, direct government spending towards IT and cybersecurity projects?
I really don't know what i'm talking about here. Just asking.