No Retreat, No Surrender: Time For Progressives to Explode Deficit/Monetary Myths
Friends, I’m concerned. I fear that too often, we on the left retreat when we should attack, surrender when we should vanquish. What do I speak of? Well, I am…
monetary policy
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…
Thoughts on “Why not print money?”
Richard Gilbert’s “Why not print money?” in the Globe’s Economy Lab toys with more radical monetary intervention as a response to the crisis. Desperate times, they say, call for desperate…
The Howe’s Overnight Moves Need Work
Less than a month ago, the C. D. Howe Institute released a paper by Michael Parkin, “Overnight Moves: The Bank of Canada Should Start to Raise Interest Rates Now.” The…
The Bank Moves to Hit the Ball
The release of today’s Monetary Policy Report from the Bank of Canada follows yesterday’s announcement of no change in interest rates, the latest in a long series. It reminds me…
The future of monetary policy
The following is the press release of a new initiative to examine the future of monetary policy, based on the core sentiment that growth is not enough. “Dynamic, stable and…