Why Are The Tories Pushing Canada Into Recession?
Remember how the Tories are the party you want to vote for in tough economic times because they’re great managers and willing to make the tough decisions? Remember all that…
double-dip recession
Harper’s Unearned Economic "Credibility"
It's one of those "truths" in politics that is beyond questioning, like the "necessity" of an independent (i.e. free from democratic controls) central bank, but which, like everything else has…
Debt Is Not The Cause Of The Crisis
Finance Minister Jim Flaherty and Stephen Harper are all over the media attacking European Union politicians for failing to take decisive action to deal with the "debt overhang", particularly in…
"Karl Marx, it seems, was partly right…"
Well, there's something you only ever hear from economists when they're pooping their pants because the system is going in to meltdown. We heard it in the early 1990s and…
Why Keeping Interest Low Won’t Save The Economy
As the old saying goes - expecting different results while repeating the same act over and over again is a sign of psychosis. That, however, has never stood in the…
More Capitalism vs Democracy
I was reading this article in Foreign Policy - a "debate" between two highly respected international economists, Nouriel Roubini and Ian Bremmer when I came acros the two quotes below.…
Capitalism vs Democracy
This article in the Globe & Mail about the ongoing debt crisis in the USA and Europe caught my attention. Not because it offered any interesting or unique insight into…
Greece: Bigger Than Lehman Brothers
What a frigging disaster. Back in 2008, the US Federal Reserve let the Lehman Brothers investment bank - which held more than a bellyful of toxic debt, go to the…
Today’s U.S. Economic News: This Parrot Is Dead
The jobs report is out and like all of the other economic indicators, it shows that the US economy is going nowhere fast. The whole of this year has been…