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larry summers keynes

Justin Trudeau and his American advisor Larry Summers still believe in the old Keynesian theory that says government can create wealth by spending more money. In reality, every time the government takes an additional dollar in taxes out of someone's pocket, that's a dollar that this person will not be able to spend or invest. Government borrowing has the same effect. The private lenders who lend money to the government will have less money to lend to other private business people. It is like taking a bucket of water in the deep end of a swimming pool and emptying it in the shallow end. It's this kind of typical Trudeau policies that ruined our economy in the 1970s. This is not what Canada needs today.