Many economists warn about ballooning budget deficits and the potential for higher interest rates in the future.
modern monetary theory
Since the 2008-2009 financial crisis, central banks in Canada and elsewhere have pursued quantitative easing.
Divergences between expected inflation and actual inflation contribute to economic inefficiencies that harm economic growth.
Default risk and exchange-rate risk increase for foreign lenders as they increase their holdings of any government’s debt.
Providing income support to workers and businesses involves large increases in government expenditures.