Political Science 2211E Lecture Notes - Lecture 1: Brian Mulroney, Canadian Business, Tax Bracket
11 Mar 2016
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A small group of intellectuals hayek and friedman: swiss resort where they irst met mont pelerin. Inluence remained limited unil 1970s hayek and friedman with 1974 and 76 nobel prizes. Paul volcker appointed chair of us federal reserve in 1979: prioriized reducing inlaion over high unemployment shit from keynesian worry about unemployment to reducing inlaion. Ronald reagan elected as president, november 1980: pursued policies of deregulaion, tax and budget cuts, confronted trade unions. Business actors began to organize: felt overburdened by regulaion, frustrated by inability of government to control inlaion, impacted all countries with loans in usd - american interest rates skyrocketed towards. Brian mulroney elected as pm in 1984: neoliberal reforms coninued under chreien"s liberals and harper"s conservaives. 1980 recession, government spending peaked at 20% of gdp, 1990 recession peaked at 17. 5%, 2008 recession government spending peaked at 13% of gdp. Emphasize strong property rights, free markets, free trade, rule of law.
