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.

Trudeau government‘s fiscal snapshot update

The Finance Minister Bill Morneau has once again revealed the Government‘s commitment to sensible progressive economic policy from which there is additional room to continue to provide income support for both business and working people who have lost their jobs.The … Continue reading

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Fall course offerings at Concordia U.

Its now July 6 and the U.S. is facing a major spike in Covid-19 following their premature opening of the economy. This seems likely to lead to further lockdowns in the months to come. Here in Quebec the situation is … Continue reading

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The virtues of debt monetization.

Two weeks ago I wrote a letter to the Editor at The Globe and Mail critiquing  Konrad Yakabuski for the deficit hysteria he was presenting in an opinion piece on the Bank of Canada and the pandemic . The paper … Continue reading

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The economic consequences of Covid-19: more or less severe than the immediate consequences of the crash of 1929 ?

Its difficult to discuss such a tragedy that has cost so many lives in economic terms. But to make certain the damage from the pandemic is not made worse by poor policy decisions we need to understand the full impact … Continue reading

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Fiscal Conservatives renew their attack on government spending complaining that Covid -19 counter measures excessively increase deficits and government share of the economy

The American largely Republican Party dominated fiscal conservative lobby of policy advisors, academics and commentators have begun once again to try to undermine the very sensible congressional policy spending and investment plans which Congress has passed and which the House … Continue reading

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The political economy of Covid 19 in the early 21st century

The covid pandemic has had already a very significant impact beginning with the tragic death of over 100,000 people in North America alone. 6545 in Canada, 7633 in Mexico and a staggering 99,459 in the United States. World wide the … Continue reading

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President Trump suggests Negative interest rates to help economy. Its a useful suggestion that should stimulate a debate

Once again President Trump has made a useful suggestion to stimulate growth in the economy with which the chairman of the Federal Reserve disagrees. The chairman Jerome Powell has suggested that the Fed for the time being is not considering … Continue reading

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The new reality: hoarding or avoiding using cash because of Covid- 19 and the relevance of Quantitative Easing

Keynes wrote at length about the increased attachment to cash which he called increased liquidity preference in a time of crisis which leads to a rise in the rate of interest as there are limits to the amount of cash … Continue reading

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Co vid 19 pandemic confirms again the critical relevance of Keynes and his policy tools

March 27 2020 , The current Covid19 crisis and the American and Canadian response to it by both the President and the Congress and the Fed , the Prime Minister, Parliament and the Bank of Canada is once again proof … Continue reading

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Poli 610 2019 schedule of student presentions

  Janik Rogas  The crash and financial crisis of 2007- 2009.September 17. 2.    Luke Michel Donovan  Say‘s law, unemployment and the Labour market          clearing model.The natural rate of unemployment and inflation. Sept.24. 3.   . … Continue reading

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