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.
Experts worry Canada is on a trajectory that will lead to run-away spending and major government debt.
There are countless Canadians who view big city housing prices as an insurmountable obstacle to participating in these lucrative labour markets.
The ambition of any business is to crush the competition but for these teams the goal was to crush the very idea of competition itself.
Finance Minister Chrystia Freeland refrained from action in the banking sector despite the need for reform in a critical area of the economy that has too often been slow to change.
Polling suggests the public will give governments the benefit of the doubt for once-in-a-century pandemics, making them non-political events. Until it becomes clear that your country is not keeping up.
The ability to get big things done is not simply the result of effective technocrats being given the space to execute like experts. It requires the clarity of vision that comes from bold, risk-taking leadership.
Why not let the market decide? Canadians can decide what they want to eat and farmers can sell their products without billions in subsidies and we will see who is willing to pay the true cost of meat.
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