To: Prime Minister JUSTIN TRUDEAU
Restore the BANK OF CANADA (from debt to prosperity)
Restore the function of the BANK OF CANADA, in the form of PUBLIC BANKING, to create interest-free loans for infrastructure and public spending.
Why is this important?
We Canadian civil society organizations, who work for public welfare, call on our federal government to revive the powers of the Bank of Canada to provide funding to all levels of government in Canada, largely with interest-free loans, as was done between 1938 and 1974 with very low inflation, enabling our nation to break out of the Great Depression, to shoulder extraordinary responsibilities during World War II, and to prosper while building our infrastructure and highly valued social programs during some thirty post-war years. We Canadians now urgently need a renaissance of these powers of our Bank of Canada.