Canada’s Conservative Party has a new leader: Pierre Poilievre.
The name might not be familiar in the United States, but he rose to prominence during the coronavirus pandemic, particularly during the Trucker Convoy, as he slammed Prime Minister Justin Trudeau and his policies, from employing the Emergency Act to spending to oblivion.
But what makes Poilievre an interesting candidate is that he has been the only Tory in Canada to take the Bank of Canada (BoC) to task.
In many instances, he has sounded like a libertarian on the issue of monetary policy.
Here are some comments on what he has said about the central bank:
“Bank of Canada says #Bitcoin-ers lack financial literacy. This from the same people who promised we’d have “deflation” right before inflation hit a 30 year high. It is our central bank that is financially illiterate. Restore sound money.”
“I would replace him [Tiff Macklem] with a new governor who would reinstate our low-inflation mandate, protect the purchasing power of our dollar, and honour the working people who earned those dollars.”
“If you think I’m going to be silent about that to protect the ego of bankers and politicians, then you’re in for a surprise.”
The central bank has ostensibly been offended by some of his remarks, recently tweeting that it does not “print money.” Critics also charge Poilievre of playing politics with monetary policy, which is a cheap cop-out since monetary policy is politics, despite the absurd claim that it is an independent institution.
No matter what conservatives may think of him, Poilievre is definitely an upgrade from Erin O’Toole, who was hardly different from Prime Minister Justin Trudeau.
Also, here is an underrated video involving Poilievre asking the Ministry of Finance how the government will pay for a $7 billion bill:
Photo Credit: The Manning Centre
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