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Tuesday, February 09, 2010

More on Maxime Bernier's conservative vision: Returning to a gold standard

Since coming across MP Maxime Bernier's recent speech in Calgary on his conservative vision for Canada, I've been taking a look through his blog to see other hints of Bernier's specific philosophical and economic vision for Canada. And I've found something pretty remarkable. Maxime Bernier likes the idea of returning to a gold standard. Really!

Here's an excerpt from his January 26th video blog:

The 19th century was one of the most prosperous periods of human history, thanks to this system. Prices tended to go down instead of constantly going up. The level of debt of countries and households was under control. Economic crises were short lived.

More and more economists believe that the gradual relinquishing of the gold standard during the 20e century was a mistake. A mistake which brought about the Great Depression, the inflation of the 1970s, and the recessions that keep afflicting us.

I agree with this analysis. To return to a stable and sustained economic growth, we need to bring back stability to our money. And in the history of civilization, gold and silver always served as anchors to monetary stability.

Bernier explains that we have other measures to deal with possible economic crises at the moment (which he promises to discuss in an upcoming blog post) apart from returning to a gold standard. But continuing economic problems will, he predicts, force us to further discuss the possibility of returning to a gold standard.

Returning to a gold standard. Freezing the budget. Small government, personal responsibility, entrepreneurship, fiscal restraint... is Bernier a Canadian Ron Paul Conservative?

Here's the video of Bernier on the gold standard:

Posted by P.M. Jaworski on February 9, 2010 in Libertarianism | Permalink


Once again I must say he is spot on and I concur. Contrary to a lot of people I do not see any of this as a partisan issue, or rather it should not be so. It is simply common sense and I would vote for any party that truly made this their policy and had the will to implement it.

Posted by: Alain | 2010-02-09 6:25:30 PM

Sounds like a good idea to this Texan.

Posted by: Floyd Looney | 2010-02-09 6:35:47 PM

The interesting question is what Harper is going to do with all this heresy. He can't keep silent forever. Sooner or later they're going to kick Maxime out of the party. Or Maxime will succeed Harper as leader. It's either or for someone with his principles. Particularly in a party that doesn't have any.

Posted by: Publius | 2010-02-09 8:34:06 PM

The gold standard would be a great first step along the way to free money (i.e. freely chosen by the market).

I fear he won't last long. Either his ideas or his "lifestyle" will do him in.

Posted by: Charles | 2010-02-10 5:07:51 AM

The more this guy says the more I like him. I wonder how long it will take Harper to throw him out of the caucus.

Posted by: Dennis | 2010-02-10 8:25:25 AM

I hope I never see Maxine Bernier again. He is nothing but a liability and embarassment for Harper in the rest of the country.

Posted by: snowgirl | 2010-02-14 12:27:09 AM

Agreed SG . How in the world do you go back to a gold standard ? The present system works fine as long as it is properly regulated [ which of course won`t happen ] . Are we all expected to have our own stash of gold leaflets and coins ? Do we have to whip out our handy dandy assayers kit every time we get paid ? Be serious Bernier. Any one hanging with that biker crowd can`t be all there . Oh I forgot , it`s the nation of Quebec . Land of EIC paid Florida vacations and a day care centre on every block .

Posted by: daveh | 2010-02-14 8:46:57 AM

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