No matter how much borrowing the government undertakes, the only thing one can be certain of is that socialists will always claim it was never enough.
Although the article concerns the American experience with an avalanche of Covid crisis borrowing, the lessons apply equally well to Canada.
“The idea that “governments alone” can provide the “expertise and judgment” necessary to lead the way during an economic crisis is one that fails to recognize the shortcomings of large bureaucracies.
Governments are necessarily unequipped to deal with economic crises partly because they suffer no consequences for their mistakes. It is the people, the business owners and consumers alike, who pay the ultimate price.
Government’s lack of skin in the game excludes their so-called expertise. After all, if a single mom who’s a shop owner in rural Indiana loses her livelihood because of the mandated lockdowns, the governor won’t suffer a thing over it. The shop owner, on the other hand, will lose her home and be unable to feed her children.”






