Saturday, October 10, 2015

Hoarding Money

Thomas Walkom of the Toronto Star, discussing politics and the election, wrote, "Corporations still make profits (in spite of the recession). But because demand for goods and services they produce is so weak, many don't reinvest. Canadian companies are sitting on billions of dollars worth of what former Bank of Canada governor, Mark Carney, called dead money." Bingo! He got it right. All socialists know that when something is not profitable, money gets hoarded, production slows, and unemployment results. Nice to see it written in the press, though. John Ayers.

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