BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund - Funded With Government Debt - What Could Possibly Go Wrong? - EnergyNow
BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund - Funded With Government Debt - What Could Possibly Go Wrong? - EnergyNow
Source: EnergyNow
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DW NOTE
Mark Carney wants to borrow money the government doesn't have to invest in projects the private sector has already declined to fund. When a sovereign wealth fund is funded with debt rather than actual surpluses, it's just fiscal policy with better branding. Norway built its fund from oil revenue; Canada would build this one from bond auctions.