2008-12-12

You shouldn't have lowered the GST... No, wait! Lower it some more!

In the continuing drama of economists critiquing Canadian government economic policy in the midst of economic turmoil, it's amusing to hear the contradictions. Earlier this week, and for months past, various economists have called the lowering of our Goods And Services Tax (what many other countries call a VAT, but it's unfortunately not included in sale prices) irresponsible on the part of the government. Suddenly, yesterday, some economist was reported as saying just the opposite. In the face of our tough economic times it's felt that lowering the GST will help us spend our way out of a recession. Me, I'm not so sure either way. But I chuckled to hear the dissonant voices, not even sure that it isn't the same voice giving a different message.

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