Alberta’s $600-billion federal contribution leaves fairness in the eye of the beholder
Concerns around federal redistribution are neither new nor unique to Alberta conservatives. Grievances like these even pre-date Canada.
Concerns around federal redistribution are neither new nor unique to Alberta conservatives. Grievances like these even pre-date Canada.
As Canada emerges from the pandemic, one thing is increasingly clear: only months after the government revealed its fiscal plans, pitched as fiscal stimulus, the macroeconomic case for higher spending is significantly weaker. Stimulus may no longer be needed.
El Salvador President Nayib Bukele announced that the country’s congress had just approved a law classifying Bitcoin as legal tender. Of course, the cynics rolled their eyes, and they’ll continue to do so.
If no substantive changes are made to Canada’s OAS and GIS programs, the chief actuary projects that total combined spending on the two programs will increase by 400 percent between 2020 and 2060.
As Canada looks to build back better in the wake of the pandemic, engaging with Indigenous entrepreneurs is good business—for the country and for reconciliation
When and how central banks will start winding down this unprecedented accommodative monetary support has become a central question. It comes with huge implications for fiscal policy but more importantly for consumers (mortgages, prices) and taxpayers (deficit financing).
It will be crucial in a post-pandemic world to think of economic policy not exclusively through the lens of the individual, but also through the most important social and economic institution that we have: the family.
The first country to acquire one percent of the total supply of Bitcoin will likely be the only country ever able to do so. As with discovering the world’s rarest mineral deposit in your soil, Bitcoin has the power to make poor countries rich and rich countries irrelevant.
Canada has seen the wealth share of the top 10 percent decline while that of the next 40 percent has increased. What is truly remarkable is how poorly the bottom 50 percent have done over time, with their share remaining practically constant at under 10 percent.
Proponents of Modern Monetary Theory argue that historical episodes of money-printing resulting in hyper-inflation are not appropriate models of “well-practiced” MMT. But history also suggests that fine-tuning the economy through fiscal policy is extremely difficult.
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