Quote of the Day: “He moves fastest who moves alone.” Milton Friedman
Great op-ed today on the Editorial Page by Tegan Hill, a Senior Economist at the Fraser Institute. Her opening line in her column says: “The Ontario government spent $73.4 billion (inflation-adjusted) subsidizing firms from 2007 to 2019.” Staggering stat. She goes on the suggest that: “According to a new study, this corporate welfare, which does little if anything to stimulate widespread economic growth, came with huge costs to government budgets and Ontario taxpayers.” and backs this up with some alarming numbers.