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Introduction
Bank of Canada
Monetarism
Unbelievable!
Believe It!
Ideology
Article 18
Ex. 1/Ex.
2
A
Vision
Conclusion |
A
Vision for Canada
| Health
Care |
5 |
| Education |
2 |
| Affordable Housing |
2 |
| Kyoto Fund |
1 |
| Municipal
Infrastructure |
2 |
| Armed Forces |
3 |
| Total ($billion/year) |
15 |
Let us stretch our horizons a bit
before concluding.
Just suppose the money-creation
function were split equally between the government of Canada
(GCM), on behalf of the citizens of Canada; and the private banking
system (BCM). This would release $15 billion/year (approx.) to be used
for the needs of Canadians.
-More good news! This would:
l Reduce
unemployment
l
Increase the GDP
l
Increase tax revenues for all governments, so making funds available
for other projects.
It would create a win-win
situation! The people of Canada would benefit immensely, and on an
ongoing basis; and the private banking system would still be making
considerable profits.
Would it 'cause inflation'? Absolutely
not! It is the total amount of money which determines prices, not
who creates it.
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