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Originally Posted by BoLevi
If Central Banking is perceived as a pathway to the highest offices, then it will distort the incentives for future central bankers. The central bankers are supposed to be independent of the politicians. If they lose that independence, even if it means from future political aspirations, then it would have two negative consequences. First, it may impact their policy decisions, and two it would reduce the faith in the independence of the central bank. Some semblance of independence is central to a central banks ability to function.
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He was independent when he was the governor though. And hilariously, Poilievre is the guy who wants to interfere with the Bank of Canada. Surely you can’t stand that, wouldn’t support that purely based on partisanship?
And there’s no conflict between having been the governor years ago and being the PM today. Those are all entirely ridiculous assertions you ve made there. The best part is, he was appointed by Harper, and everyone thought he did a fine job navigating the Great Financial Crisis. Maybe he drags the Liberals a little to the right, and that’s why the CPC is so worried.
Quote:
Originally Posted by BoLevi
It certainly wasn't clear how ideological and misguided he is.
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You know why that wasn’t clear though, right? Because he’s a professional. I know it seems bizarre in today’s world, but there are people who can do their job and their entire identity is “F Trudeau” or some other hyper-political view.