Category Archives: Canada

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

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

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

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 ?

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

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

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)

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