The attacks on #CERB (yesterday in @financialpost, and lots more since it started) only underscore the myopia economics of the writers and publishers. Stop and think about it: this money has not only been a lifeline for stranded folks, it’s a broad system of financial acupuncture

The money has not dissolved into stock buy backs, and capital reserves; instead it stayed liquid, flowing out from the stranded folks to pay landlords (defacto rent subsidy), grocery stores (remember their record quarterlies? How’d that happen with huge segments out of work?)

The CERB has not ended up in TFSAs and RRSPs, where it gently slips into the money shadows, pretending it isn’t there for a while. It hasn’t turned into offshore holdings, or been spent on vacation in Aruba. It hasn’t been consolidated into gold or bonds. It has flowed.

A stalled economy with millions out of work did not smash into the ground, it kept moving in no small part because of the CERB. We can’t carry on the hypocrisy of claiming to applaud entrepreneurship and self starters, and then when the self employed are stranded, walk away.

Trickle down economics is an illusion: money just doesn’t flow that way, the current of the dollar river runs in the opposite direction. Renew the #CERB. Not just a lifeline for those directly hit: All buckets are in the same stream. @JustinTrudeau @theJagmeetSingh @AndrewScheer