For centuries, alchemists promised and failed to turn lead into gold. What is most astounding is that even after each debunking, these charlatans would repackage their discredited schemes as something new with fresh jargon and different salesmen, luring wave after wave of hopeful dupes eager for golden miracles.
Instead of promising to turn lead into gold, today’s alchemist-in-chief, Mark Carney, promises to turn deficits into “investment” — an old Trudeau-Liberal promise repackaged as a fresh idea with shiny new slogans like “spend less and invest more.” Sounds more sophisticated but it’s not that different from “the budget will balance itself,” which was Justin Trudeau’s way of promising that deficits would fund “investments,” sparking enough economic growth and tax revenue for, well, t