Note: this is an opinion article.
In the opinion of the author, the federal government's reelection strategy is to:
- put the federal budget in surplus before the election
- cut taxes before the election, eliminating the surplus and leading to a balanced budget.
Why?
- people like tax cuts, so promising tax cuts is an election strategy;
- eliminating the surplus means that if the other parties promise higher spending or lower taxes before the election, they will face a deficit.
This an example of manipulating fiscal policy to the benefit of the party in power.
Now you know why the central bank should be independent.
"Now you know why the central bank should be independent." So the central bank should be independent, independent like the US Federal Reserve? I'm rather disgusted and disappointed you feel this way. NOTHING good can come out of privatizing the bank. http://www.youtube.com/watch?v=Oe0fGXzKb1o this video explains quite thoroughly why the central bank should never EVER be privatized like our American counter-parts. Sorry for the outrage but this is an issue that I feel should not go unrecognized. (my laurier account would not let me comment)
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