I just finished watching Jack Layton’s state funeral and notice that Jean-Claude Trichet’s speech from Jackson Hole is out. The European Central Bank president does not seem to get it. Far from acknowledging that last month’s interest-rate hike was premature, he touts “price stability.” His main theme is that the economic divergence between Eurozone countries […]
Continue readingTag: fiscal federalism
The Progressive Economics Forum: The Double Whammy of Defunding Universities
As I’ve blogged about here, federal funding for post-secondary education (PSE) in Canada is decreasing. Between 1985-1986 and 2007-2008, annual federal cash transfers to Ontario for PSE (in constant 2007 dollars) decreased from roughly $1.4 billion to just under $1 billion. (Yet, during that same period, PSE enrolment in Ontario increased by more than 60 percent). And as I’ve written about […]
Continue readingThe Progressive Economics Forum: Public Sector Austerity: Why is Canada Leading the Way?
The major economic problem faced by Canadians is a very slow recovery and weak job market, not government deficits or rising debt. But public spending cuts at the federal and provincial level will make the real problem even worse. And, government spending cuts in Canada seem set to be even greater than in other advanced […]
Continue readingThe Progressive Economics Forum: How Rob Ford Can Fix Social Housing
I have an opinion piece in today’s Toronto Star regarding Toronto’s Mayor, Rob Ford, and the Toronto Community Housing Corporation (TCHC). Mr. Ford would like to see a considerable number of units from TCHC’s existing stock sold off. For background on the issue, please my blog post of April 13, which can be found here. In today’s piece, I […]
Continue readingThe Progressive Economics Forum: Fix PSE System Before Building Addition!
According to an article in yesterday’s Toronto Star, the Ontario government will create room for 60,000 new students in its colleges and universities by 2015-2016, 10% of which will be for graduate students. (I assume this means that, by 2015-2016, there will be 60,000 more students enroled in Ontario’s post-secondary insitutions than is currently the case, and that […]
Continue readingThe Progressive Economics Forum: Economic Impact of Harper Majority
This 6 minute debate between Michael Hlinka, CBC business correspondent, and myself examines the economic impact of a Harper majority. It took place early today on Metro Morning, the local morning CBC program in Toronto. It touches on the nature of growth, the distribution of the benefits of growth, the erosion of the foundation of […]
Continue readingThe Progressive Economics Forum: Fiscal Federalism on the Campaign Trail
As I noted in my post about income splitting and in commenting on Armine’s post about Tax-Free Savings Accounts, federal Conservative tax promises entail significant fiscal costs for provincial governments. I expanded that thought into the following op-ed, which appears in today’s Toronto Star. In the same vein, the federal Conservative policy of increased incarceration […]
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