Category Archives: Uncategorized

Federal government budget in Canada reinforces the eclipse of deficit dogma and anti Keynesian thinking on appropriate policy

The Canadian minister of Finance Chrystia Freeland has tabled a moderately but seriously Keynesian and progressive budget that takes seriously the negative impact of the Pandemic and the necessity of lowering the unemployment rate from 8 % to 6 %.and … Continue reading

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The emerging new consensus on stimulus and debt management

About this time last year I posted on how the pandemic would change the opinion of policy makers and politicians with respect to deficits and debt , the role of the state and macroeconomic policy in the months to come.(Co … Continue reading

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Some thoughts on financing health care and producing vaccines here at home.

There have been some interesting positive developments on the vaccine supply front and some initiatives to further stimulate late summer or early fall domestic production of vaccines against covid 19 here in Montreal and elsewhere in Canada. These are very … Continue reading

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Vaccine demographics and health policy

I am sitting on our living room sofa that dates from the 1940s and belonged originally to my paternal grandmother listening to the CBC explore the issue of the vaccine rollout and who are perplexed by the differences in the … Continue reading

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Domestic Vaccine Production Long Overdue But Very Welcome

It has taken some time but finally the Canadian Federal government has negotiated letters of understanding with 2 major vaccine production companies Precision Nano systems and Novavax to establish a production facility in Vancouver and one in Montreal for their … Continue reading

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H. Chorney, City of Dreams, Chapter 3

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H. Chorney, City of Dreams, Chapter 1 (Introduction)

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Harold Chorney: City of Dreams, Chapter 2.

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Poli 610 AA 2020 Prof. H.Chorney take home test Dec.2 2020

Due back Friday December11 ,2020 Part one: write a paragraph or two on Five of the following: 30 %.5×6 % 1. Says law 2. Classical laissez-faire 3. Michal Kalecki. 4 the multiplier 5.Keynes and Bloomsbury 6. monetary policy and low … Continue reading

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Larry Summers is correct about the needed stimulus and accurate about making it clear that in terms of the low interest rate that the Fed and other national western central banks have posted there is no reason to worry about the deficit or debt and its impact upon the exchange rate of the US dollar nor inflation.

Former American treasury secretary and former Harvard University PresidentLarry Summers has reached some very progressive conclusions about American stimulus and how to finance it. He appeared this Sunday on MSNBC‘s Fareed Zakaria and clearly and forcefully explained what economists like … Continue reading

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