Wednesday, March 18, 2009

David Dodge Speaks

In today's Globe:
Policy-makers, especially in Canada, need to be thinking longer-term and more “sensibly” about their recovery plans, he said, rather than setting up spending plans that just paper over today's problems or “piss money down a rat hole” in the hopes of a quick recovery.
Amen to that, brother. Unfortunately, the two main parties in this country consist of one that doesn't believe in government at all and the other that doesn't believe it needs any policy but power. We are screwed.
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1 comment:

  1. I usually don't look at things in a pessimistic way but Dodge has been right on most things since i started following him closely about 5 years ago. If you read his BoC speeches from Sept 2005 onward, he was already talking about a massive global slowdown before the end of this decade, and on the large imbalances in the system that currently existed.