Canada

Holy shit, you’re the goverment. You can print money.

Honestly (and unfortunately) our political leaders do not have the financial literacy or expertise to understand contemporary monetary policy or how our economy works. Frankly, most people do not understand this system because it is made to be intentionally complex and opaque. Nobody has the objective, overall view on all of the interrelated actors/factors that comprise this system. It's hard for people to accept the fact that our own governments do not fully understand how our economies work, but it's a fact. This is not just a Trudeau problem.

For example, in a process that is both possible and maddeningly complicated (at least in my understanding, which is barely adequate enough to type out here), the Treasury can collaborate with the Bank of Canada to adjust its target reserve funds rate, mitigate the knock-on effects to its Tax and Loan accounts to protect its reserve positions, adopt a non-neutral monetary financing policy (and get the Feds to mitigate the consequences, if they can, to our foreign relations, which would be severe) or use other tricks, increase the monetary financing rate to pre-1982 rates (e.g., around 20-25%), get the BoC to 'print' what economists call 'high-powered money' and follow Canada's somewhat unique process of indirectly funding government deficit spending (in this case to to build low-cost housing), all the while trying to balance out the liabilities and fighting like hell against run-away inflation.

Do you understand those steps, the benefits/risks of each, how they relate to one another, and how to implement them? Again, I only barely understand the approach I've tried to summarize above, each aspect of which economists of various ideological stripes may/will reject as totally unworkable. I'm certain that I've missed critical steps/considerations; I'm just not smart enough to know what I don't yet know. You can bet Chrystia Freeland, our Minister of Finance, doesn't understand this process. I bet there isn't a single member of the Conservative Party of Canada caucus who understands this process. I doubt there's more than a handful of MPs in Parliament who could even credibly describe the relationship and interrelations between the government and the Bank of Canada, much less how to accomplish the above scenario.

Our government simply does not have the technical expertise required to fix this problem.

I’m still very bitter about the broken electoral reform promise.