Deficit hawks’ blind spot on fair taxation and inequality

The global pandemic still very much with us, yet conservative pundits and think tanks are already setting the stage for fiscal austerity once the economy recovers to something like normal.

On October 20, the C D Howe Institute published a study by prominent academic economist and former senior finance official Don Drummond. It echoed a recent call for fiscal restraint after the pandemic by former deputy minister of finance and governor of the Bank of Canada, David Dodge.

Drummond presents four scenarios for the growth of federal public debt based on different levels of government spending in the future, and draws some fairly dismal policy conclusions.

https://www.broadbentinstitute.ca/deficit_hawks_blind_spot_on_fair_taxation_and_inequality

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