John Robson: Carney, the answer is simple — deregulate everything |
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John Robson: Carney, the answer is simple — deregulate everything
In Liberal Canada, no decision is best left to private citizens
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According to Monday’s National Post A1, “Scenarios are all either bad or very, very bad,” which could refer to almost anything and I’d likely agree. But oddly here it’s the economy where, for once, I see a happy outcome. To quote my grad-school bumper sticker, “Deregulate everything.”
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It’s not actually crisis-specific. Long before Adam Smith, David Ricardo then various Austrian and neo-classic economist theorists, it was practically clear that places that left peaceful, honest citizens to manage their own affairs prospered economically, culturally and even militarily, whereas bloated-state societies were stagnant and frequently grotesque. And forgive the pedantic references but our prime minister has a PhD in economics.
John Robson: Carney, the answer is simple — deregulate everything Back to video
Not that it does him much good, or us. I was in grad school so long ago I remember how people laughed when Thatcher, Reagan or Roger Douglas sat down to play. Or howled. But Britain, the US and New Zealand benefitted massively from deregulation and even Canada, more timidly, got gains. It wasn’t enough, but........