Despite headlines about high deficits caused by expensive COVID-19 programs, governments must avoid the knee-jerk reaction to drastically cut spending, says a UWindsor business and economics instructor.
“While deficits can be problematic if left unchecked and persistent for too long, history and context matter a great deal,” argues Imran Abdool in an article he co-authored with Hance Clarke, director of pain services at Toronto General Hospital.
Published in Policy Options, a magazine produced by the Montreal-based Institute for Research in Public Policy, their piece makes the case for Canada as a great opportunity for investors.
“Canada has the natural resources that the world will need for a very long time,” they write. “It has an educated, modern, and robust knowledge economy.”
They call for the creation of a sovereign wealth fund to invest in the country’s health care system.
Read the entire article, “A sovereign wealth fund for our health care system isn’t far-fetched,” online in Policy Options.