Tag: the Bank of Canada
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Canada Debt Becoming Unmanageable Economists Warn
With the Canadian government’s high debt-to-GDP ratios, such as a ratio of debt to nominal GDP sitting at 68 percent in March 2023, economists warn that government debt could become unsustainably high if Ottawa fails to reduce spending, increase productivity, and re-establish business confidence. “We’re not growing our income per capita, which means that we’re…
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Canadian Money And How Select Banks Create It
My book, Money: Whence It Came, Where It Went, tells us that “The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.” Graham…
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Regarding Money And Government In Business Positions
Dear Silo, I kept my Silo printed back issues and I just re-read the January-February 2013 issue of The Silo. I noticed that a few of the articles involve the issue of consent (biogas facility, mega-quarry, dads attending births) and choice (media publications, GMO foods, liquor sales). Freedom of choice and voluntary consent are basic…