This article brings up some very interesting points, but they are incorrect on at least one point, which is how the Bank of Canada lends out money. Many times, for long periods, it has loaned out money at 0%. Or more commonly 1%. Also, if you take into account inflation, the debt isn't as bad as it seems.
Still -- the article brings up ideas we should think about.
view the rest of the comments →
123_456 ago
This article brings up some very interesting points, but they are incorrect on at least one point, which is how the Bank of Canada lends out money. Many times, for long periods, it has loaned out money at 0%. Or more commonly 1%. Also, if you take into account inflation, the debt isn't as bad as it seems.
Still -- the article brings up ideas we should think about.