So, Minister Flaherty, do you really think Carney’s a Liberal?

- December 21st, 2012

My interview with Finance Minister Jim Flaherty in which I ask him, among other things:

  • Deep down, in his heart of hearts, do you think Bank of Canada Governor Mark Carney is a Liberal?
  • You’ve been looking a little out of sorts recently: How’s your health?
  • I’m under 50. Have you changed the bargain for my generation and younger? Are we still going to get in our retirement what our parents and grandparents got from Ottawa?

Categories: Economy, Sun News Network

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1 comment

  1. Andrew Baldwin says:

    I’m not a huge fan of Mr. Flaherty. I think it is disgraceful that he has left the Bank of Canada’s inflation control target essentially unchanged through two renewal agreements, in 2006 and 2011.

    However, I don’t think it is fair to say that he had the biggest deficit of any Finance Minister. A federal deficit should be measured in terms of its share of nominal GDP or in constant dollar terms, deflating it by the GDP deflator. Measured either way I am sure that Mr. Flaherty’s deficit would be lower than the highest deficit of the Trudeau era, even though it came in at about $25 billion. Prices have risen a lot in 30 years.

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