Monthly Archives: March 2019

Canadian Federal budget once again a progressive document

Posted on March 20, 2019 by haroldchorneyeconomist

I haven‘t yet fully read and digested the latest Canadian  Federal budget but so far I find it to be a realistic and progressive assessment of the likely course of the Canadian economy over the next year. Unemployment although at … Continue reading →

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Financial market shenanigans resurface

Posted on March 19, 2019 by haroldchorneyeconomist

The New York Times has an excellent article by William D.Cohan warning about the reappearance in the financial markets of 2008 style financial practices which led to the collapse in 2008. Citing speeches by the Fed chairman Jerome Powell , … Continue reading →

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The United Kingdom at the crossroads (I update this sometimes daily until the situation is clarified latest updates at the end of the post)

Posted on March 13, 2019 by haroldchorneyeconomist

The British writers and historians Anthony Beevor and Artemis Cooper in 1994 co-authored a richly detailed history and narrative of Paris after the liberation 1944-1949 (London: Penguin Books revised edition, 2004) In the preface to the book they make a haunting … Continue reading →

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The technique of deficit finance

Posted on March 11, 2019 by haroldchorneyeconomist

I am republishing below again. a post I wrote trying to explain the multiplier as an effective policy tool embedded in Keynesian deficit finance. It first appeared in my older blog on blogspot Harold Chorney political economist in the middle … Continue reading →

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The Great Depression revisited:learning from history

Posted on March 5, 2019 by haroldchorneyeconomist

(originally published on my blogspot blog site, haroldchorneypoliticaleconomist.blogspot.com February 20 , 2006) The Great Depression which began after the stock market crash in the fall of 1929 and lasted in its extreme form until 1934 and its aftermath form until … Continue reading →

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Federal Reserve very wisely puts interest rate rises on hold

Posted on March 1, 2019 by haroldchorneyeconomist

The chairman of the Federal Reserve Jerome Powell has very sensibly reviewed the current economic climate including a potentially messy Brexit, slower growth in China and low inflation and low oil prices and decided not to continue its policy of … Continue reading →

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