Article Author: Andrew Allison, Philosophy PhD Student, University of Calgary
Excerpt from article: (emphasis mine)
The independence of central banks from the democratic process has been a bedrock of economic policy for decades. The Bank of Canada is no exception, maintaining distance from elected officials to ensure monetary policy is free from political pressures.
However, a clear division between central bank and government could be tested with Mark Carney, former governor of both the Bank of Canada and the Bank of England who’s running for leadership of the Liberal Party and, in turn, the role of prime minister.
His bid raises concerns about how central bank independence might be perceived under a Carney-led government. Could his tenure as a central banker result in the Bank of Canada’s independence being clawed back? After all, he has demonstrated his ability to manage monetary policy at the highest levels.
The answer, if we want to preserve the economic benefits of central bank independence, is clear: the Bank of Canada’s independence must be preserved. And Carney, who has championed the importance of politically neutral monetary policy, would likely agree.
It’s well known. I’m actually a polisci grad from another university, we all knew that if it was boot licking conservative, we didn’t even need to look at the header, we knew where it came from. I mean sure, it’s important not to paint people with wide swath brushes, but that school is heavily heavily tainted with conservative one-track mind.
Edit: I should point out, just to your point, like a famous grad of UofC was Naheed Nenshi, so non-cons exist there. But the issue at the UofC, for every Nenshi there’s like five Danielle Smiths. Makes sense, I mean Alberta is a con stronghold, and has been since forever pretty much. So it goes to say of course the UofC is too. But it’s just a bit over the top.