The first is that freewheeling government spending, untethered by the defined limits of a credible fiscal anchor, is not “consumption” but rather “investment” that raises real incomes.
The government has relied on households and business taxpayers to fund subsidies for preferred recipients and has massively expanded the bureaucracy without much to show for it other than shrinking the relative size of the private sector.
The academic literature overwhelmingly finds that the level of immigration has a negligible or neutral overall impact on indicators that determine a country’s living standards: labour productivity, real wages, the employment rate, the population’s age structure and, crucially, GDP per capita.
Ramping up immigration to fill low-wage jobs instantly increases demand for things that take years to build, such as housing (especially rentals), roads, schools and hospitals.
The federal government’s immigration strategy is like believing Christmas dinner will be made easier if you invite more people because they can help with the washing up.
The country would benefit from modest (and co-ordinated) fiscal and monetary policy restraint to dampen inflation, alongside a productivity-focused agenda to expand the economy’s supply-side capacity, expedite business investment and innovation, scale domestic firms and ensure Canada can supply the world with responsibly produced natural resources and manufactured goods.
The original article contains 728 words, the summary contains 207 words. Saved 72%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The first is that freewheeling government spending, untethered by the defined limits of a credible fiscal anchor, is not “consumption” but rather “investment” that raises real incomes.
The government has relied on households and business taxpayers to fund subsidies for preferred recipients and has massively expanded the bureaucracy without much to show for it other than shrinking the relative size of the private sector.
The academic literature overwhelmingly finds that the level of immigration has a negligible or neutral overall impact on indicators that determine a country’s living standards: labour productivity, real wages, the employment rate, the population’s age structure and, crucially, GDP per capita.
Ramping up immigration to fill low-wage jobs instantly increases demand for things that take years to build, such as housing (especially rentals), roads, schools and hospitals.
The federal government’s immigration strategy is like believing Christmas dinner will be made easier if you invite more people because they can help with the washing up.
The country would benefit from modest (and co-ordinated) fiscal and monetary policy restraint to dampen inflation, alongside a productivity-focused agenda to expand the economy’s supply-side capacity, expedite business investment and innovation, scale domestic firms and ensure Canada can supply the world with responsibly produced natural resources and manufactured goods.
The original article contains 728 words, the summary contains 207 words. Saved 72%. I’m a bot and I’m open source!