Stephen Rees's blog

Thoughts about the relationships between transport and the urban area it serves

Major projects in B.C. hit $102 billion

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Major projects in B.C. hit $102 billion

And, of course, the worry is now that the construction industry is leading the provincial economy into “over heating”. Bizarre, isn’t it? This outcome was widely predicted – but nothing must ever stand in the way of building the buzz. After all, planning an economy has always failed, hasn’t it?

The trades people now needed are supposed to come from immigration. Which also seems a bit odd, given that there are many immigrants here already who cannot get into their professions thanks to overt protectionism. And would anyone in the right mind move to BC just to get dumped as soon as the boom turns to bust again as it surely will?

The days when governments tried to smooth out the inflationary cycle stopped when the current fad of monetarism took over in treasuries of the west. Hopefully, that will also go the way of other out dated fashions.

Written by Stephen Rees

August 22, 2006 at 4:02 pm

Posted in Economics

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