"If the government can't finance all its activities from tax revenue, it should raise the additional needed money by borrowing from the non-bank public or by creating the money itself through its Treasury or the Bank of Canada." - John Hotson, Professor of Economics at the University of Waterloo. "There is no way that the economy can operate at its potential unless the money creation is shared between the Bank of Canada, on behalf of the people, and the private banks." - Paul Hellyer, ex-deputy prime minister of Canada and leader of the Canadian Action Party.
"The current attack and escalating destruction of our social programs has everything to do with the creation and control of our money, and the absolute refusal of our current governments to use the power of our own Bank of Canada... ... Section 18 of the Bank of Canada Act sets out the Bank's powers of lending to our governments. ...(S 18(J) says) the Bank of Canada may make loans to the Government of Canada or the government of any province. - Constance Fogal, Lawyer