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BAD IDEAS FROM TRUDEAU’S “EXCELLENT” ECONOMIC TEAM-INFRASTRUCTURE EDITION

Posted in Featured, Politics

Published on September 15, 2015 with No Comments

One of Justin Trudeau’s most trusted economic advisors doesn’t believe that investing in infrastructure can help stimulate the economy.

According to star Liberal candidate, Laval University economist and Professor Jean-Yves Duclos, “Infrastructure programs that emphasize construction and renewed physical capital often don’t keep up with the need to offer short-term industrial stimulus and help workers in difficulty. (…) Premeditated increases in certain public expenditures may give the impression that politicians are taking action, but almost inevitably lead to the wasting of precious public funds.”

(Source: http://www.ecn.ulaval.ca/sites/ecn.ulaval.ca/files/professeurs/JeanYvesDuclos/keynes.pdf)

If Justin Trudeau is getting advice from Mr. Duclos, what’s going to stop him from abandoning his infrastructure promises after Election Day?

 

 

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