Author Archives: haroldchorneyeconomist

About haroldchorneyeconomist

I am Professor of political economy at Concordia university in Montréal, Québec, Canada. I received my B.A.Hons (econ.&poli sci) from the University of Manitoba. I also completed my M.A. degree in economics there. Went on to spend two years at the London School of Economics as a Ph.D. student in economics and then completed my Ph.D. in political economy at the University of Toronto. Was named a John W.Dafoe fellow, a CMHC fellow and a Canada Council fellow. I also was named a Woodrow Wilson fellow in 1968 after completing my first class honours undergraduate degree. Worked as an economist in the area of education, labour economics and as the senior economist with the Manitoba Housing and Renewal Corporation for the Government of Manitoba from 1972 to 1978. I also have worked as an economic consultant for MDT socio-economic consultants and have been consulted on urban planning, health policy, linguistic duality and public sector finance questions by the governments of Manitoba, Saskatchewan,the cities of Regina and Saskatoon, Ontario and the Federal government of Canada. I have also been consulted by senior leaders of the British Labour party, MPs from the Progressive Conservative party, the Liberal party and the New Democrats on economic policy questions. Members of the Government of France under the Presidency of Francois Mitterand discussed my work on public sector deficits. I have also run for elected office at the municipal level. I first began to write about quantitative easing as a useful policy option during the early 1980s.

Montreal elects environmentalist and left of centre Valerie Plante as its next mayor

Montreal where I have lived ever since 1982 when I moved here from Toronto has once again turned to the left and to bicycle riding environmentalists and community activists for its new mayor and governing party. The election turnout was … Continue reading

Posted in Canada, Montreal politics, Québec, Uncategorized | Tagged | Leave a comment

President Trump selects Jerome Powell as new Fed chair replacing Janet Yellen

In what may well turn out to be a controversial decision President Trump has broken with precedent and decided not to reappoint Janet Yellen to a second term as Fed chair despite praising her for her excellent work as chair. … Continue reading

Posted in Federal Reserve, full employment, Keynesian policy, quantitative easing, U.S., urban culture | Leave a comment

Fed and Bank of Canada hold back on rate rises: Stimulus continues Smart decisions

Recently both the Federal Reserve  and the Bank of Canada made smart decisions not to increase rates despite pressure from some less well informed quarters that they should do so as believers in the NAIRU rate are still convinced that … Continue reading

Posted in Uncategorized | Leave a comment

The JFK docs: Canada Cuba and the U.S.

The recent release of previously secret archival files in the JFK archive has come at a very busy time in American and world news. The release is a massive one which will take some time to absorb and analyze. So … Continue reading

Posted in Canada, Cuba and Latin america, JFK docs, Cuba,Canada, John Diefenbaker and JFK, U.S. | Leave a comment

British national debt 1690 to 1910

(originally published on my blogspot blog in 2010)   Over the years that I have researched the question of the national debt and its impact upon an economy I have always been astonished at how boldly politicians, journalists and others … Continue reading

Posted in Canada, civil liberties, Cuba and Latin america, JFK docs, Cuba,Canada, Uncategorized | Tagged , | Leave a comment

The Great Depression revisited

  ( Originally published February 20 , 2006 on my Harold Chorney political economist blog.I m republishing it here for the convenience of readers and students.   ) The Great Depression which began after the stock market crash in the fall … Continue reading

Posted in Uncategorized | Leave a comment

Condolences to all those affected by the tragic events in Las Vegas and the terrible hurricanes, the earthquake in Mexico and a suggestion to help repair the damages.

Many millions of people in the US. have been tragically affected by the terrible hurricanes that swept through Florida, Texas, Louisiana,Puerto Rico, the Caribbean islands and now the horror of a mass shooting in Nevada.Mexico also suffered a tragic loss … Continue reading

Posted in deficits and debt, Federal Reserve, fiscal policy, funding essential infrastructure, Uncategorized | Tagged , | Leave a comment