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Monday, January 26, 2009

Gwyn Morgan has some ideas worth avoiding in scramble to fix economy

Gwyn Morgan offers five ideas that should be avoided if we hope to get through the financial crisis without creating more serious economic problems.

In “Beware the pain-for-no-gain economic scenario,” Morgan cautions against 1) bailing out doomed companies, 2) ill-conceived spending, 3) printing too much money, 4) deflating real investment values through inflation (see #3), and 5) structural deficits.

Gwyn Morgan is a Director with the Manning Centre for Building Democracy and former CEO of EnCana. You can read his column here.

Posted by Matthew Johnston

Posted by westernstandard on January 26, 2009 | Permalink


Pretty much anyone who has a grade 5 education and "isn't" a politicain has this one figured out.
We voted for morons....again.

Posted by: JC | 2009-01-26 7:36:37 PM

The newspapers, magazines, public affairs shows and blogs are chock full of pundits telling the government what not to do. You can't turn around without hearing yet another one telling the folk we put in charge what they shouldn't do. I've read very very very few right-of-centre pundits offering many real, constructive suggestions on what the government should do instead. The left-of-centre pundits offer LOTS of suggestions on what the government should do. Maybe it shouldn't be surprising that a government would tend to take the advice that is offered to it. I don't think it's enough to throw up our hands in disgust and cry, "but they're supposed to be the ones who know what to do. THEY'RE the government!!!" Since we, as conservatives, inherently distrust government, it's our duty as citizens to offer constructive suggestions for action when "our guys" actually manage to get elected. It's not helpful for the country to simply continue to "oppose" the government because that's what we've always done. When Liberals are in power, they can count on plenty of liberals to offer all sorts of "helpful suggestions" on what they should do, but all the Conservatives can count on when in power is to have plenty of conservatives telling them all the ways they're screwing up. Phooey, I say.

Posted by: anonymous | 2009-01-27 8:35:41 PM

Anon, you make a lot of good points given the circumstances.
But the problem is the "system" itself.
Even when our guys get elected they are unable to function as "good" government. All that politics just seems to get in the way. Mean while all this "help" is doing is breaking our economy and permanently expanding government largesse.

What they sould "do" is quit trying to control something that should be left to function naturally and without manipulation. The natural laws of free enterprise and moral law will take care of themselves...naturally, without bubbles and cycles.

Problem is, we've all been taught to instinctively believe that whenever there is a problem the government should "do something". And that's what got us here.

Posted by: JC | 2009-01-27 8:55:01 PM

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