Strong Retail Sales give a Boost to Canadian Dollar
Coincidence of Tax Cuts?
I guess the libreals are baffled by this story. "How can tax cuts help the economy?" I am sure they ask. It is personally my amazement that "The Bank of Canada (BoC) kept the interest rate unchanged on July 11 and Sept. 6 at 4.25 per cent after seven increases since September 2005." This must be a sign of changing times. I remember David Dodge raising interest rates at the drop of a hat but I guess can now practice more free markets due to changes in management. This article is a prime example of how less restriction on markets and the economy, especially by government, can lead to a more prosperous and faster economy. Is this a mere coincidence not due to tax cuts the liberals ask? The first thing that they will say is that this is only due to the rise of petroleum. Keep in mind that this was also the same reason for rate hikes in the first place. Coincidence of Tax Cuts? All I can say is let the good times roll!
I guess the libreals are baffled by this story. "How can tax cuts help the economy?" I am sure they ask. It is personally my amazement that "The Bank of Canada (BoC) kept the interest rate unchanged on July 11 and Sept. 6 at 4.25 per cent after seven increases since September 2005." This must be a sign of changing times. I remember David Dodge raising interest rates at the drop of a hat but I guess can now practice more free markets due to changes in management. This article is a prime example of how less restriction on markets and the economy, especially by government, can lead to a more prosperous and faster economy. Is this a mere coincidence not due to tax cuts the liberals ask? The first thing that they will say is that this is only due to the rise of petroleum. Keep in mind that this was also the same reason for rate hikes in the first place. Coincidence of Tax Cuts? All I can say is let the good times roll!
posted by TheTorontoTory | 10:30 PM
2 Comments:
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This is against the laws of nature. You would expect prosperity to grow as tax goes up. It works like this:
High taxes mean high benefits and high government spending. That in turn stimulates the economy. People pay even more taxes. It's a virtuous circle. Isn't it obvious?
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Thanks for the invitation to join "Tories in Toronto". Don't you have a 100% overlap with Blogging Tories?
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