Hard working Canadians have to have a little more money to spend and invest says Justin Trudeau

 Originally published The Left Eye 

By André Faust

Fredericton – Justin Trudeau was the guest speaker at the Back to School BBQ hosted by Matt DeCourcey, Fredericton Liberal riding candidate at the Charlotte Street Arts Centre. 

 In the course of his speech Trudeau spoke about strengthening and expanding the middle class, which during the last ten years has been dwindling under the Harper government. 

Trudeau’s plan for economic growth seems to have its roots in Keynesian economics. Keynesian economics states that economic growth can only come about from the aggregate demand created by households and business. To stimulate aggregate demand can only be made possible by deficit spending, which is diametrically opposite to austerity, which the Harper government has been doing.

During a recession austerity measures is not the solution because household stops spending money, which has a negative domino effect throughout the economy. During a recession according to Keynesian philosophy, you want to increase spending.

According to Justin Trudeau. 

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