The 'Last Recession Spook'

Toronto-based social policy analyst John Stapleton teaches us a valuable history lesson with his new piece The Last Recession Spook, released by the CCPA as part of its Ontario Alternative Budget technical paper series. This paper looks at the history of public investments during economic downturns and finds the ghost of the last recession (in the 1990s) still haunts Canadians, limiting our thinking of what’s possible to modest terms. Exhorting Canadians to start real change and improvement, he writes, “The last recession was unlike all others and rather than reducing government programs during recessions, we used to increase them.”