The year-ender interviews with the prime minster continue to roll out, so we’ll see how much in there is actually newsworthy. Still from The Canadian Press’ year-ender, Trudeau said that the government is trying to find “balance” with its ability to be transparent while still able to have no-holds-barred closed-door discussions like they do in Cabinet, all in response to questions about why the government is so slow at its promised reforms to the Access to Information system.
From the CBC, Trudeau said that the 500,000 Canadians who got “educational” letters from the CRA about their CERB payments won’t need to repay by the end of the year, as some had feared – never mind that the government created this problem when they weren’t clear about what the eligibility criteria were.
To CTV, Trudeau said that the target date of having Canadians vaccinated by September is something of a conservative estimate – it could happen faster, but it could also happen more slowly, depending on supply chain issues like those that have hit Pfizer already. He also said that he’s less concerned about the comparisons with the US as having plans to inoculate people at a faster per-capita rate, noting that they have much bigger challenges in their healthcare system, hinting that their estimates may be overly optimistic.
Monetary policy
Andrew Scheer is back at shitposting, this time spreading lies about the Bank of Canada and their use of quantitative easing during the pandemic recession. Quantitative easing is not actually just “printing money,” and it’s not going to cause runaway inflation. In fact, we’re running so far below our inflationary targets that the Bank should be running expansionary monetary policy – and yes, the Bank has a helpful primer on quantitative easing for people like Scheer and Pierre Poilievre if they cared to learn. But they don’t, and are jeopardizing the independence of the central bank by keeping up this particular policy of lies and shitposting to try and score points.
Again, this is a lie.
The Bank of Canada has not “created money,” but use regular settlement balances to purchase bonds on the secondary market. You’d know this if you weren’t interested in shitposting a bunch of misinformation. https://t.co/pKPBJjqhUy— Dale Smith (@journo_dale) December 17, 2020
The Bank is not printing money to fuel the deficit: https://t.co/ml5nvTB10F pic.twitter.com/9Zfmh0tfUE
— Dale Smith (@journo_dale) December 17, 2020
https://twitter.com/MikePMoffatt/status/1339640374751596544
https://twitter.com/MikePMoffatt/status/1339643586204348418