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minerva

761 Posts.

18

14/04/20

16:50

Post #: 44037252
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Originally posted by moorookamick: ↑

"The other thing is when the money is spent is needs to be spent and production of real goods and services so that inflation does not get out control which has happened in other countries because the money is not on production."Does this apply in wartime when goods are produced , sent overseas and destroyed without any financial return?

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The Canadian government apparently borrowed money created by it's central bank from 1939 to 1974 (when it fell into line with the International Bank of Settlements).

see https://canadiandimension.com/articles/view/the-bank-of-canada-should-be-reinstated-to-its-original-mandated-purposes
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