Category Archives: U.S.

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

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

Posted on November 3, 2017 by haroldchorneyeconomist

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

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

What an incredible last eight months

Posted on August 23, 2017 by haroldchorneyeconomist

I last posted something on my site other than a course outline more than six months ago. I felt a long period of reflection was necessary for me as the amazing state of the world and North America in particular … Continue reading →

Posted in U.S., Uncategorized | Tagged , , | Leave a 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

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

Posted on January 20, 2014 by haroldchorneyeconomist

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

Posted on January 11, 2014 by haroldchorneyeconomist

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

Demographic slowdown in U.S. may be one of the causes of the deep recession and slow recovery

Posted on January 2, 2014 by haroldchorneyeconomist

First of all a healthy and happy New Year to everyone. With any luck and some good policies this year should be more prosperous for more people than 2013.  We are beginning the sixth year since the crash and financial … Continue reading →

Posted in business cycles, Canada, fiscal policy, Keynesian multiplier, U.S., Uncategorized, unemployment | Tagged , , | Leave a comment

Liberal Democrat Bill de Blasio wins New York Mayoralty Race in a Landslide.

Posted on November 6, 2013 by haroldchorneyeconomist

New York city has once again pointed the way forward for liberal political aspirations in the United States. In an election that will have repercussions far beyond its borders,52 year old Bill de Blasio has captured the New York mayoralty … Continue reading →

Posted in the metropolis, U.S., Uncategorized, urban culture | Tagged , , | Leave a comment

Washington coming to its senses ? Canadian unemployment falls to 6.9 %. Alice Munroe wins Nobel Prize for literature

Posted on October 11, 2013 by haroldchorneyeconomist

Amazingly the the government shutdown in the U.S. which began October 1, 2013 continues despite some serious efforts at negotiating an end to it, the restoration of services and a short term six week respite on the debt ceiling deadline … Continue reading →

Posted in Canada, deficit hysteria, full employment, government shut down+debt ceiling U.S., U.S., Uncategorized, urban culture | Tagged | Leave a comment