Rising Homelessness
In 2010, I wrote a blog post in which I suggested that: a) the recession of 2008-2009 would bring on increased homelessness; and b) there would be a lag effect…
economic crisis
What Have we Learned From the Financial Crisis? Part 4: Bernard Vallageas
What follows are comments from a roundtable discussion held at the University of Ottawa on February 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon,…
What Have we Learned From the Financial Crisis? Part 3: Mario Seccareccia
What follows are comments from a roundtable discussion held at the University of Ottawa on January 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon,…
What Have we Learned From the Financial Crisis? Part 2: Louis-Philippe Rochon
What follows are comments from a roundtable discussion held at the University of Ottawa on January 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon,…
What Have we Learned From the Financial Crisis? Part 1: Marc Lavoie
What follows are comments from a roundtable discussion held at the University of Ottawa on January 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon,…
Intellectual Dishonesty at the Ivey Business Journal
Under the headline “Canada Isn’t Rotten to the Core”, the new editor of the Ivey Business Journal, Thomas Watson, attacked my book “Thieves of Bay Street” in his inaugural editorial.…
Trickle Down Would Work If It Weren’t For The Sponges At The Top
This piece was first published in the Globe and Mail’s Economy Lab. Five years after a global economic crisis unleashed chaos on markets everywhere, income inequality has become an inescapable…
The G-20, Global Stagnation and the Option of Wage Led Growth
Here is the link to a short piece I wrote for Economy Lab. It borrows from and includes the link to an important paper co-authored by the PEF’s own Marc…
Wall Street Take-Off
On July 16, 2013, Goldman Sachs, the fifth largest US bank by assets announced its second quarter profits doubled the previous year to $1.93 billion. J. P. Morgan, the largest…
The Crisis of Extreme Capitalism
Our current incarnation of capitalism — variously referred to as savage capitalism, extreme capitalism or euphemistically as the “free market” (free of any constraints) — is in one of its…
The Crisis of Extreme Capitalism
Our current incarnation of capitalism — variously referred to as savage capitalism, extreme capitalism or euphemistically as the “free market” (free of any constraints) — is in one of its…
Ireland and the Basque Country: Massive Flight (Emigration) or General Strike?
Many billions of Euros are being extracted from Europe’s vassal-debtor nations—Spain, Greece, Portugal and Ireland—and transferred to the creditor banks, financial speculators and swindlers located in the City of London,…
Niall Ferguson’s Latest Idiocy
As I discussed in an earlier post, Niall Ferguson, the Harvard historian and author of numerous bad books about economics, is prone to writing and saying completely ignorant things, making…
Margaret Thatcher’s Economic Legacy
Here is my take from today’s Economy Lab in the Globe. To expand a bit on alternatives, my take is that the neo liberal turn at the end of the…
Capitalism Becomes Questionable
The depth and length of the global crisis are now clear to millions. In the sixth year since it started in late 2007, no end is in sight. Unemployment rates…
Looking for Dr. Goodpain? Check the Reflection in the Mirror Dr. Krugman
Far be it from me to cast a pox on what has been one of the only few bright lights in the last few years but premises matter. In Krugman’s…
Putting lipstick on the PIIGS: the health of modern macroeconomics
Ok, so some of the best economists, trained at elite institutions, working for the pinnacle of the of the financial world got it wrong, very wrong. How wrong? Just go…
Happy Crashiversary! Are you better off now than you were four years ago?
Four years after Lehman Brothers collapsed, it’s time to take stock of things by asking a stock political question: Are you better off now than you were four years ago?…
Dead Money
Kudos to Bank of Canada Governor Mark Carney for raising the profile of the over $500 billion Canadian corporations are holding in excess cash surpluses and not investing in the…
TED Talk Thursday: There’s A Green Brain Inside Every Climate Skeptic
Journalist and educator Simran Sethi discusses why and how we engage, and how we can listen to, and learn from, other points of view. Everyone concerned about climate change, and…