David Card’s Nobel Prize carries with it a cash prize of more than C$700,000 but the economist may experience greater satisfaction from credibility the award lends to his findings. Those conclusions challenged conventional wisdom and have been steadily disputed by “useful idiots” of the evil geniuses who control economies of the world.
The BC Liberal Government refused to address affordability issues because the real estate industry was a large benefactor of that party. In addition, property transfer taxes were putting billions of dollars into the public treasury. I’m not sure the BC NDP dares to alter the status quo…
The financial crisis is about more than money. It is also about morality, casting an uncomfortable light on the links between the activities of bankers and the wellbeing of society as a whole. The idea that economics is morally neutral or that finance should be above ethical scrutiny deserves to be challenged.
Increasing income of the working poor ensures that extra dollars are spent in local communities on things like food, clothing, medical and dental care, and housing. According to a University of California report, higher minimum wages reduce poverty rates among households and children, without affecting employment levels. To most of us, that is an admirable outcome…
Yeah, who wants socialism?
The Fraser Institute declares Tax Freedom Day each year. It is an inaccurate trick to further interests of the millionaires and billionaires for whom the “charity” works. Many of those people use overseas tax shelters so their tax freedom day falls in January. Don’t expect Fraser Institute to mention Earth Overshoot Day, “the date when we (all of humanity) have used more from nature than our planet can renew in the entire year.” Do not expect Canada’s mass media to pay much attention either
In private emails, a number of people with expert economic knowledge exchange ideas about energy in BC. I get copies of some. This example, written by respected and retired economist Erik Andersen, refers to electricity markets in BC…
From a regular reader who has grown frustrated with the amount of self-serving BS that spills regularly into our world: There are too many people who do not produce or add value […]
Big money earned through illegal activities might have a greater impact than we care to admit and economic stimulus from criminal enterprises may explain why the former government hesitated to enforce certain laws. Over a long time, BC has seen a reduction of jobs in goods producing sectors, particularly in manufacturing, and a significant increase in service sector jobs. I expect we will have to rely more on innovative small and medium sized enterprises for future job growth and that our new government ought to provide increased encouragement to SMEs.
Are schools and hospitals fat? Are veterans’ pensions gravy? So what have we cut already? 32% of Veterans Affairs staff supporting disability, death and financial benefits for veterans. One-fifth of Canadian food […]
Christy Clark, Rich Coleman and Liberal friends are like 1980 promoters excited to spend someone else’s money to open a giant disco club, despite unmistakable signs the dance craze was soon to […]
Trailer – THE PRICE WE PAY – a feature documentary by Harold Crooks from Filmoption International on Vimeo. Playing in Vancouver as part of the VIFF, International Village #9, October 4 – […]
George Osborne, Chancellor of the Exchequer and Second Lord of the Treasury of the United Kingdom, boasted recently about his nation’s modest economic growth. If expansion continues, Britain will soon have an […]
Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens, Prof. Martin Gilens, Princeton University and Prof. Benjamin I. Page, Northwestern University. Multivariate analysis indicates that economic elites and organized groups […]
A paper published in the journal International Political Science Review considered if the International Monetary Fund (IMF) was “Democracy’s Friend or Foe.” It noted that reforms required by the American based IMF, […]
Fiscal record of Canadian political parties, Toby Sanger, The Progressive Economics Forum: “With all the recent news stories — as well as alarm raised by other leaders — about the fiscal and […]
According to The Guardian’s George Monbiot, after each of the richest 100 people gained an average of $2.4 billion in 2012, they now hold wealth near equivalent to the United Kingdom’s GDP. […]
Fiscal Cliff Letter: Small Business Owners Urge End Of Bush Tax Cuts, Zach Carter, Huffington Post “As businesses owners, none of us hire more employees simply because someone gives us a tax […]
A Manifesto for Economic Sense, Paul Krugman, Princeton University, and Richard Layard, LSE Centre for Economic Performance “More than four years after the financial crisis began, the world’s major advanced economies remain […]
UK is back in recession, OECD says, Phillip Inman, The Guardian, March 29, 2012: The UK is heading back into recession and will be among the slowest of the world’s largest economies […]