There’s a lot we can’t control—but we can control spending (Fraser Institute)

The mid-1960s to 1995 was a terrible period for federal government finances in Canada. The government borrowed every year but one, interest costs consumed ever-greater shares of revenues, the country’s debt ballooned, and we came within a hair of a currency and debt crisis. It took difficult largescale reforms by the Chretien government to get the country’s finances back in order.

Executive Vice President, Fraser Institute
Junior Economist
Associate Director, Addington Centre for Measurement, Fraser Institute

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