Once we have immunity to the virus, there is going to be so much pent-up demand for these currently devastated sectors that fiscal stimulus won’t be our problem, writes William Watson in the Financial Post. Below is an excerpt from the article, which can be read in full here.
By William Watson, December 2, 2020
On page v of the “Fall Economic Statement” we read: “Fiscal guardrails will help establish when the stimulus will be wound down.”
On page 72 of the “Fall Economic Statement” we read: “Fiscal guardrails will help establish when the stimulus will be wound down.”
On page 110 of the “Fall Economic Statement” we read: “Fiscal guardrails will help establish when the stimulus will be wound down.”
Do you get the impression that fiscal guardrails will have something to do with when the stimulus gets wound down? Give Finance Minister Chrystia Freeland credit for consistency, at least. She sticks to her talking points even when she isn’t talking, but writing. Or at least when her people are writing for her. Some say the government’s emergency fiscal assistance has been characterized by excessive redundancy. Its own writing about it certainly is.
