Maxime Bernier Jumps the Shark
Through a series of speeches and Financial Post op-eds, former cabinet minister Maxime Bernier has been setting out an uncompromising right-wing agenda. He had Andrew Coyne applauding his proposal to freezeÂ public spending. He had Stephen Gordon tweeting in support of his proposal to eliminate corporate taxes.
But his latest proposal has already been rebuked by Gordon and is unlikely to garnerÂ Coyneâ€™s endorsement. BernierÂ thinks that the Bank of Canada should never expand the money supply. (Following todayâ€™s pro-deflation speech, his pro-deflation op-ed appeared on theÂ Postâ€™s website this evening and looks set to be printed tomorrow.)
The Financial Post has periodically run op-eds by Martin Masse, a former advisor to Bernier, calling for the abolition of central banking. I always wondered whether Bernier shared Masseâ€™s perspective on monetary policy. NowÂ we know: â€œDeflation is not a threat to our prosperity. . . . I believe that within a few years, we will need to hold a serious debate about returning to the gold standard.â€