section_path: Political positions/Economic policy
section_name: Economic policy
paragraph_text: Economic policy
  
  Poilievre argues that large budget deficits are the reason for rising inflation. Poilievre proposes implementing a pay-as-you-go law, requiring the government to offset any new spending with a cut elsewhere. He referred to the success of pay-as-you-go balancing the budget in the United States under the Clinton administration. Poilievre owns and uses cryptocurrency, and purchased a shawarma in London, Ontario, with Bitcoin to show support for it. He supports normalizing cryptocurrencies including Bitcoin, which he believes is an inflation hedge. He stated he wants to make Canada the "blockchain capital of the world" and believed the Justin Trudeau government was bringing down the value of the Canadian dollar.
  
  Poilievre has criticized the Bank of Canada, accusing it of being "financially illiterate" for forecasting that there would be deflation as opposed to inflation, after his warning to them about inflation in 2020. The bank's deputy governor Paul Beaudry responded by stating "The aspect that we should be held accountable is exactly right", and also listed the Russian invasion of Ukraine and supply-chain bottlenecks due to the COVID-19 pandemic as the most significant influences on inflation. Poilievre has said that the bank's governor Tiff Macklem, is Prime Minister Trudeau's "personal ATM " in terms of printing money to fund deficit spending for the pandemic. Poilievre stated that a government led by him would dismiss Macklem, audit the bank, and ban the bank's potential digital currency.
  
  Poilievre has pledged to cut personal income taxes. Following the Rogers - Shaw merger, Poilievre stated that Canada needed more telecommunications competition and proposed for there to be at least "four competitors in every single marketplace". Poilievre supports defunding the Canadian Broadcasting Corporation (CBC), stating the federal government could save a billion dollars, or 0.9% of the annual federal budget, by doing so. He has been a critic of what he believes to be biased support for the government within the CBC, referring to the CBC as the "biased propaganda arm of the Liberal Party " in a response to reporters in Edmonton in 2023; however, he would continue to support the CBC's French programming. He proposes to convert the CBC's headquarters into affordable housing and other federal buildings into condominium housing.
  
  Poilievre argues that large budget deficits are the reason for rising inflation. Poilievre proposes implementing a pay-as-you-go law, requiring the government to offset any new spending with a cut elsewhere. He referred to the success of pay-as-you-go balancing the budget in the United States under the Clinton administration. Poilievre owns and uses cryptocurrency, and purchased a shawarma in London, Ontario, with Bitcoin to show support for it. He supports normalizing cryptocurrencies including Bitcoin, which he believes is an inflation hedge. He stated he wants to make Canada the "blockchain capital of the world" and believed the Justin Trudeau government was bringing down the value of the Canadian dollar.
  
  Poilievre has criticized the Bank of Canada, accusing it of being "financially illiterate" for forecasting that there would be deflation as opposed to inflation, after his warning to them about inflation in 2020. The bank's deputy governor Paul Beaudry responded by stating "The aspect that we should be held accountable is exactly right", and also listed the Russian invasion of Ukraine and supply-chain bottlenecks due to the COVID-19 pandemic as the most significant influences on inflation. Poilievre has said that the bank's governor Tiff Macklem, is Prime Minister Trudeau's "personal ATM " in terms of printing money to fund deficit spending for the pandemic. Poilievre stated that a government led by him would dismiss Macklem, audit the bank, and ban the bank's potential digital currency.
  
  Poilievre has pledged to cut personal income taxes. Following the Rogers - Shaw merger, Poilievre stated that Canada needed more telecommunications competition and proposed for there to be at least "four competitors in every single marketplace". Poilievre supports defunding the Canadian Broadcasting Corporation (CBC), stating the federal government could save a billion dollars, or 0.9% of the annual federal budget, by doing so. He has been a critic of what he believes to be biased support for the government within the CBC, referring to the CBC as the "biased propaganda arm of the Liberal Party " in a response to reporters in Edmonton in 2023; however, he would continue to support the CBC's French programming. He proposes to convert the CBC's headquarters into affordable housing and other federal buildings into condominium housing.