Carney warned of the risks of ‘constant spending’ and too much government subsidies, but congratulated the Liberals for investments in housing and AI
Mark Carney speaks during The Museum of American Finance Gala at the Ziegfeld Ballroom in New York on March 7.The federal government did not put an adequate focus on fostering economic growth in its recent budget, according to formerThe minority Liberals are trailing the Conservatives by double digits in public-opinion polls, and in a speech delivered this week, Mr.
On his party’s spending plan unveiled last week, Mr. Carney said: “It was a budget about fairness, as we know, and it wasn’t necessarily a budget about growth and resilience – and we need both.” He described three possible government responses to the current moment. The first, he dubbed “spend, support and subsidize”; the second, he described as an approach to “demolish, destroy, deny”; and the third – which he championed – is what he described as seizing the moment as a “time to build.”
On the flip side, Mr. Carney said a second and opposite response would be to “shrink the state in favour of unbridled capitalism. What could be termed demolish, destroy, deny.”
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