Category Archives: fiscal policy

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

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

Labour will bring Keynes not just Piketty to Downing St. If they win

There is an interesting article in the current New Yorker on line  by John Cassidy in which he claims that if Labour wins the British election it will be a victory not of Keynesian doctrine over Conservative austerity but of … Continue reading

Posted in anti austerity, fiscal policy | Tagged | Leave a comment

Economic stagnation persists in Europe: austerity policies are the cause

This week Stats Canada has announced it is recalculating its employment numbers because of a processing error in its July tabulation. It will be interesting to find out in what direction and way they erred in their earlier release. The … Continue reading

Posted in deficit hysteria, deficits and debt, European debt crisis, European unemployment, fiscal policy, France politics+economy, full employment, Greek sovereign debt crisis, monetary policy, Spain, treasury view, U.K. economy, unemployment | Leave a comment

Keynes, Lerner and Friedman in an Uncertain Age paper presented to Canadian Economics Association meetings , Vancouver May 31, 2014

Keynes, Lerner and Friedman in an uncertain age                                                                              by Harold Chorney                                    Professor of Political Economy                                    Graduate Program in Public administration                                  and Public Policy                                    Dept. of Political Science                                    Concordia University, Montréal … Continue reading

Posted in business cycles, deficits and debt, fiscal policy | Tagged , , , | 1 Comment

How long will inflation stay low ? Have we entered a new age of low inflation , slower growth and sluggish employment ?

The question on many people’s minds in the financial and futures markets is all about judging the future inflation rate. Inflation has not been a problem for most of the past decade and certainly not a problem since the crash … Continue reading

Posted in business cycles, Canada, European unemployment, fiscal policy, J.M.Keynes, Milton Friedman and NAIRU, monetary policy, U.S., Uncategorized, unemployment | Tagged , , , | 2 Comments

Unemployment Rises in Canada, falls in U.S. but weak numbers in both countries suggest possible slow down

Statistics Canada and the U.S. bureau of labour statistics published their December unemployment numbers and there are signs of potential trouble in both sets of numbers. The unemployment rate rose in Canada to 7.2% and fell in the U.S. to … Continue reading

Posted in austerity, Canada, Federal Reserve, fiscal policy, full employment, government shut down+debt ceiling U.S., monetary policy, U.S., Uncategorized, unemployment | Tagged , , | Leave a comment