Building trust is essential if central bank digital currencies are to succeed
Central bank currencies offer many advantages, but recent government actions that sow doubt in their trustworthiness put their adoption at considerable risk.
Economics
Russia's chronically weak economy may be its undoing
Russia’s economy may generate massive natural resource wealth from its exports, but on a per capita basis, it has an income on par with China and is far behind G7 nations.
The seductive beauty of classroom socialism is a sham—Lessons from a former Soviet citizen
Socialism is a lovely image and a great theory. So, what happens in reality?
Lowering the maximum legal interest rate could backfire badly
The Liberal election promise to “crack down” on so-called predatory lenders could end up doing more harm than good for those it is trying to help.
Economist Chris Ragan on the problems with Modern Monetary Theory
What is Modern Monetary Theory, and what are its implications for Canada? Leading economist Chris Ragan joins our Hub Dialogues podcast to discuss.
The global economy, rising inflation, and the future of productivity
Societies are aging, inequality is falling, and inflation is back as a pressing concern. What does this mean for the global economy?
Is creative destruction more helpful or harmful? Three economists discuss
Trying to capture the benefits of innovation and creative destruction while minimizing the upheaval and harms to society is a tricky balance to strike.
Are dangers lurking within the Bank of Canada’s new mandate?
Canadians do not want, and will not benefit from, a return to higher and more volatile inflation.
Don’t become complacent about fiscal policy
Economic and fiscal outlooks always look better down the road until they don’t. Nobody expected inflation to rise as quickly as it did.
Benjamin Friedman explains why religion was crucial to the rise of capitalism
Contrary to the idea that economics is an entirely secular Enlightenment product, religious ideas have shaped economic thinking since the beginning of modern Western economics.
