There’s no free lunch when it comes to government spending

Modern monetary theory advocates argue the government should have a magic wand to conjure up money out of thin air.

There’s no free lunch when it comes to government spendingLeft to their own devices, politicos every now and then come up with a theory that allows them to promise free lunches. Modern monetary theory (MMT) is all the rage in the United States and Canada among starry-eyed social engineers who see no limits to their intervention. Rather than arising from academic inquiry, debates concerning…

Most Canadian households are better off than U.S. counterparts

U.S. households not only live with higher income inequality than in Canada but more than half are worse off in terms of purchasing power

Most Canadian households are better off than U.S. counterpartsRegardless of whether America is great, or about to be great again, a new analysis shows that Canadians outrank Americans on household income. The Economist magazine recently devoted a long section to a profile of Canada with frequent comparisons to the United States. Among the statistics highlighted were that Canadians’ life expectancy was three years…

Economic optimism rises for Canadian business leaders

CPA Canada survey says protectionism and uncertainty about U.S. economy remain concerns

Economic optimism rises for Canadian business leadersCanadian business leaders are more optimistic about the prospects of the Canadian economy heading into the summer, according to a new survey conducted for Chartered Professional Accountants of Canada (CPA Canada). The CPA Canada Business Monitor found that optimism about the economy over the next 12 months is up sharply among professional accountants in leadership…

Alberta economic roller-coaster weighs on Canada’s bottom line

Bank of Canada deputy governor tells Calgary Chamber that housing slowdown, U.S.-China trade war are also big factors

Alberta economic roller-coaster weighs on Canada’s bottom lineAlberta and other energy-intensive regions have been on an economic roller-coaster over the past few years, leading to painful adjustments for many. It’s also weighed on Canada’s bottom line, Carolyn Wilkins, senior deputy governor of the Bank of Canada told a Calgary Chamber luncheon on Thursday. She said Canada’s economic performance has been relatively solid…

Washington Consensus lit the fuse blowing apart the modern world

We’ve allowed market forces to replace a host of political-economic goals and considerations, and we’re far worse for it

Washington Consensus lit the fuse blowing apart the modern worldPax Americana, the long-standing U.S.-inspired post-war world order, is unravelling like a cheap carpet. Apart from catastrophes like Venezuela, Britain's chaotic retreat from the European Union, or the threat from President Donald Trump to pull the United States out of the North Atlantic Treaty Organization, there’s the shocking rise of anti-western authoritarian regimes in Iran,…

Can capitalism help save republicanism – and the United States?

It’s time to give individuals personal ownership of their data and, in essence, an equity stake in the new means of production

Can capitalism help save republicanism – and the United States?Canadians turning their gaze south are becoming increasingly concerned that the United States is descending into anarchy and despotism. Apart from the chaotic White House, the dysfunctional Congress and the astronomical public debt, American society is becoming dangerously divided as powerful forces continue their relentless concentrations of wealth and power. This is a far cry…

Don’t bet the farm on Trump being dumped in 2020

History says midterms don't necessarily point to a change. And who the Democrats nominate to run will have a big say

Don’t bet the farm on Trump being dumped in 2020If you detest Donald Trump, the recent U.S. midterms probably put a spring in your step. Watching the Democrats decisively win the House of Representatives seemed like an omen for two years hence. And perhaps it is. Maybe 2020 will consummate the electoral cycle by evicting Trump from the White House and consigning his presidency…

Is the ‘shale revolution‘ already winding down?

The efficiencies of shale exploitation technology may be sowing the seeds of a rapid decline

Is the ‘shale revolution‘ already winding down?Calgary’s Business and Troy Media are pleased to welcome Brad Hayes to our roster of contributors. Brad is president of Petrel Robertson Consulting Ltd., a geoscience consulting firm addressing technical and strategic issues around conventional and unconventional hydrocarbon exploration and development. He earned a PhD in geology from the University of Alberta, and a BSc…

Canada lacks competitive edge to compete with the U.S.

Canadian governments have failed to offer any significant strategies to keep the country competitive

Canada lacks competitive edge to compete with the U.S.Say you’re a store owner and your competitor across the street offers everything at lower prices, with higher quality and a friendlier attitude. You’re in trouble. If your competitor was on the other side of the city, things might be a bit better. But across the street? That’s roughly where Canada finds itself in relation…

Stark contrast between U.S. energy boom, Canada’s lethargy

Canada’s energy sector is struggling primarily because of poor government policies. The U.S. shows a way out of this mess

Stark contrast between U.S. energy boom, Canada’s lethargyBy Elmira Aliakbari and Ashley Stedman The Fraser Institute Over the past few years, the governments of Canada and the United States have taken markedly different approaches to energy development, particularly with oil and gas. Consequently, the U.S. energy industry is booming while Canada’s continues to struggle despite increases in oil and natural gas prices.…
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