Modern Monetary Theory or MMT has crept in from the academic margins to become an influential doctrine in progressive policy circles in the United States. Both Elizabeth Warren and Bernie Sanders drew on the ideas of MMT to shape their ambitious public spending platforms. MMT has been cited as one
Continue readingTag: fiscal policy
The Progressive Economics Forum: David Hulchanski class discussion
I recently participated in a panel discussion in David Hulchanski’s graduate-level social housing and homelessness course at the University of Toronto. Points raised in the blog post include the fact that all English-speaking countries of the OECD have relatively low levels of public social spending, relatively low levels of taxation,
Continue readingThe Progressive Economics Forum: Affordable housing, homelessness and the upcoming federal budget
I’ve written a ‘top 10’ overview of things to know about affordable housing and homelessness, as they relate to Canada’s upcoming federal budget. The overview is based on the affordable housing and homelessness chapter in the just-released Alternative Federal Budget. A link to the ‘top 10’ overview is here.
Continue readingThe Progressive Economics Forum: the 2020-21 Alberta budget
I’ve written a ‘top 10’ overview of the 2020-21 Alberta budget, tabled on February 27. The link to the overview is here.
Continue readingThe Progressive Economics Forum: Cost savings associated with Housing First
I’ve written a summary of a recent study I co-authored on savings to the health and justice sectors associated with Housing First (i.e., the immediate provision of subsidized housing, along with social work support, to persons experiencing long-term homelessness). The study, based on a large sample size from Calgary, finds
Continue readingThe Progressive Economics Forum: income support for low-income households in Alberta
Next week, Jason Kenney’s UCP government will table its second budget. With that in mind, I’ve written a blog post titled “Ten things to know about income support for low-income households in Alberta.” Points raised in the blog post include the following: -Low income is associated with lower food expenditures,
Continue readingThe Progressive Economics Forum: Ten things to know about subsidized rental housing in Alberta
In anticipation of next week’s Alberta budget, I’ve written a ‘top 10’ overview of subsidized rental housing in the province. Points raised in the blog post in include the following: -On a per capita basis, Alberta has far fewer subsidized housing units than the rest of Canada. -In 2017, BC’s
Continue readingThe Progressive Economics Forum: Assessing progress on St. John’s Plan to End Homelessness
I’ve written an assessment of the 2014-2019 St. John’s Community Plan to End Homelessness. The full assessment can be found here. Points raised in the assessment include the following: -Newfoundland and Labrador has the highest unemployment rate of any Canadian province. This pulls people into homelessness, while also making it
Continue readingThe Progressive Economics Forum: Ten things to know about the 2019-20 Alberta budget
I’ve just written a ‘top 10’ overview of the recent Alberta budget. Points raised in the post include the following: -The budget lays out a four-year strategy of spending cuts, letting population growth and inflation do much of the heavy lifting. -After one accounts for both population growth and inflation,
Continue readingThe Progressive Economics Forum: Alberta must find alternatives to cutting social spending
I have an opinion piece in today’s Edmonton Journal about Alberta’s current fiscal situation. Points raised in the blog post include the following: -The Jason Kenney government will almost certainly announce cuts to social spending in the near future. -Yet, more than 80% of Alberta’s kindergarten through Grade 3 classes
Continue readingThe Progressive Economics Forum: Ten things to know about affordable housing in Alberta
I’ve just written a ‘top 10’ overview blog post about affordable housing in Alberta. Points raised in the blog post include the following: -On a per capita basis, Alberta has far fewer subsidized housing units than the rest of Canada -Some Alberta cities have much more low-cost rental housing (per
Continue readingThe Progressive Economics Forum: Ten things to know about this year’s Alberta Alternative Budget
The Alberta Alternative Budget (AAB) is an annual exercise whose working group consists of researchers, economists, and members of civil society (full disclosure: I’m the Editor). Our general mandate is to create a progressive vision for Alberta to boost economic growth and reduce income inequality. This year’s document was released
Continue readingThe Progressive Economics Forum: MEDIA RELEASE: Alberta should increase social spending; cuts are not the way to go
(June 24, 2019-Calgary) With Alberta’s economy still facing challenges and vulnerabilities, the Alberta government should not be doling out tax cuts or cutting social spending, according to the Alberta Alternative Budget (AAB) released today. “Alberta still has, by far, the lowest debt-to-GDP ratio of any province,” says Nick Falvo, editor
Continue readingThe Progressive Economics Forum: What Impact will the 2019 Federal Budget have on Canada’s Housing Market?
I’ve written a blog post about what the recent federal budget means for Canada’s housing market. Points I make in the blog post include the following: -The budget contains several initiatives designed to make it easier for households of modest means to become homeowners. -Such initiatives are often framed as
Continue readingThe Progressive Economics Forum: Ontario Electricity VII – Committee Testimony
The PC Government in Ontario has introduced Bill 87 which would eliminate the rate-based borrowing to subsidize electricity prices and replace it with Government borrowing. Last week’s Provincial Budget estimates that the required borrowing to subsidize electricity prices for 2018/19 was $2.8 billion. It is likely to exceed $3 billion
Continue readingThe Progressive Economics Forum: Low taxes are nothing to brag about
I’ve written an opinion piece that appears in today’s Regina Leader-Post. The piece argues that the Saskatchewan government shouldn’t brag about the province’s low-tax climate (which it recently did). Rather, I argue that taxes serve important functions. The link to the opinion piece is here.
Continue readingThe Progressive Economics Forum: Ten considerations for the next Alberta budget
Over at the Behind The Numbers website, I’ve written a blog post titled “Ten considerations for the next Alberta budget.” The blog post is a summary of a recent workshop organized by the Alberta Alternative Budget Working Group. The link to the blog post is here.
Continue readingThe Progressive Economics Forum: Ontario Electricity Sector VI – Meet the new boss…
The provincial election of June ended 15 years of Liberal electricity policy in Ontario. Anger over high electricity prices continued to be an election issue, contributing to the Liberals loss of power and official party status (reduced from 55 to 7 seats). The PCs have formed Government with 76 seats,
Continue readingThe Progressive Economics Forum: Ontario Election: Impact on Inequality of Fiscal Plans
In the context of Ontario’s upcoming June 7 election, I just finalized an article on the CCPA’s “Behind the Numbers” blog, exploring the fiscal plans of the three major political parties from a historical and comparative context. I concluded that while the Ontario election offers voters three distinct fiscal visions,
Continue readingMichal Rozworski: The Ontario election isn’t about deficits—and that’s a good thing
How big is your deficit? This Ontario election, no one seems to care—and that’s a decisive positive to emerge from a campaign that’s too often been submerged in the politics of personality. There is more and more light sneaking through the widening cracks in Canada’s austerity consensus. Hopefully, it will
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