Category Archives: Canada

The economics of Fuller Employment in the Twenty-first Century

Posted on May 18, 2019 by haroldchorneyeconomist

************************************************************************************* CLICK LINK BELOW FOR PDF OF FULL PAPER WITH ALL CHARTS INCLUDED: HRc The economics of fuller employment in the twenty first century may 29 2019 5-48pm ************************************************************************************* The economics of fuller employment in the twenty first century. By … Continue reading →

Posted in anti austerity, Brexit, Canada, deficit hysteria, European unemployment, European Union and UK, France politics+economy, Free trade and Canadian history, free trade and globalization, full employment, infrastructure investment, J.M.Keynes, Uncategorized | Leave a comment

The Notwithstanding clause comes back to haunt us just as Pierre Trudeau warned it would. Ontario Premier Ford says he intends to use it to overcome a Superior court decision declaring his restructuring of Toronto city council in the midst of an election violates the charter of rights.

Posted on September 11, 2018 by haroldchorneyeconomist

The increasingly clear indication from Ontario’s new right wing government is that it leans in. a very partisan disruptive direction and shows little respect for democratic rights and freedoms. It is nothing less than demagogic to argue the government is … Continue reading →

Posted in Canada, civil liberties, Doug Ford and authoritarian politics, Ontario elections, Uncategorized | Tagged , | Leave a comment

Long term consequences of a lopsided trade deal need to be carefully evaluated

Posted on August 29, 2018 by haroldchorneyeconomist

It s now more than thirty years ago on October 4th 1987 that Canada ,under the direction of the then Conservative prime minister Brian Mulroney , agreed to a free trade agreement with the United States. In doing so it … Continue reading →

Posted in Canada, Free trade and Canadian history, NAFTA negotiations, U.S., Uncategorized | Leave a comment

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

Posted on November 6, 2017 by haroldchorneyeconomist

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

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

Posted on October 31, 2017 by haroldchorneyeconomist

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

Posted on October 6, 2017 by haroldchorneyeconomist

(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

Bank of Canada prematurely hikes interest rates underestimating potential damage to employment

Posted on September 6, 2017 by haroldchorneyeconomist

The Bank of Canada announced a further 25 basis point increase in the bank rate despite the fact that unemployment is still above 6 % and there is absolutely no evidence of inflationary pressure in the economy. Whatever rise in … Continue reading →

Posted in Canada, free trade and globalization, monetary policy, Uncategorized, unemployment | Tagged , , | Leave a comment

Yellen announces 25 basis point rate increase. Will this dampen Trump’s infrastructure stimulus ?

Posted on December 15, 2016 by haroldchorneyeconomist

The chair of the Federal Reserve Janet Yellen has announced a small but policy significant increase in their targeted range for interest rates from 0.25% to 0.50 % to 0.5% to 0.75%. The over night funds rate sits at 0.41% … Continue reading →

Posted in anti austerity, business cycles, Canada, Uncategorized | Tagged , , | Leave a comment

The centre may not hold: Tales from Brexit, the EU, the American election and the eroding foundations of democracy

Posted on October 30, 2016 by haroldchorneyeconomist

I started my career as an educator working with trade union members teaching labour history and principles of economics. Our program sponsored by the social democratic progressive NDP government of Ed Schreyer and organized by innovative technocrats at the Department … Continue reading →

Posted in American Presidential election, Canada, Uncategorized | Tagged , , | 1 Comment

After the Crash:Rediscovering Keynes and the origins of quantitative easing (2nd posting)

Posted on September 9, 2016 by haroldchorneyeconomist

By Harold R.Chorney Professor of Political economy, Concordia University Montréal, Québec Preface: More than twenty five years ago I began to write about problems of public finance.( Chorney, 1984) At the time that I began to do so, I never … Continue reading →

Posted in austerity, business cycles, Canada, China and europe, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, Federal Reserve, fiscal policy, France politics+economy, full employment, Greek sovereign debt crisis, Hayek, Italian debt crisis, J.M.Keynes, Japanese unemployment, Keynesian multiplier, monetary policy, quantitative easing, quantity theory of money, treasury view, U.K. economy, U.S., Uncategorized | Tagged , , | Leave a comment