Category Archives: Uncategorized

Canadian Federal budget once again a progressive document

I haven‘t yet fully read and digested the latest Canadian  Federal budget but so far I find it to be a realistic and progressive assessment of the likely course of the Canadian economy over the next year. Unemployment although at … Continue reading

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Financial market shenanigans resurface

The New York Times has an excellent article by William D.Cohan warning about the reappearance in the financial markets of 2008 style financial practices which led to the collapse in 2008. Citing speeches by the Fed chairman Jerome Powell , … Continue reading

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The technique of deficit finance

I am republishing below again. a post I wrote trying to explain the multiplier as an effective policy tool embedded in Keynesian deficit finance. It first appeared in my older blog on blogspot Harold Chorney political economist in the middle … Continue reading

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The Great Depression revisited:learning from history

(originally published on my blogspot blog site, haroldchorneypoliticaleconomist.blogspot.com February 20 , 2006) The Great Depression which began after the stock market crash in the fall of 1929 and lasted in its extreme form until 1934 and its aftermath form until … Continue reading

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Federal Reserve very wisely puts interest rate rises on hold

The chairman of the Federal Reserve Jerome Powell has very sensibly reviewed the current economic climate including a potentially messy Brexit, slower growth in China and low inflation and low oil prices and decided not to continue its policy of … Continue reading

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Departure of eight Labour MPs and three Conservative MPs poses serious potential challenge to Labour party leadership in the UK

At a critical point in British politics because of the challenges and confusion surrounding Brexit eight Labour politicians have quit the Labour Party and decided to sit as independents with the intention of creating a new centrist party .They have … Continue reading

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No deal crash out of EU looking very likely unless article 50 is extended until summer

It is now two months since I last posted on Brexit and Prime Minister May‘s so far unsuccessful strategy of getting her version of a somewhat backstop amended deal past Parliament and ready for presentation to Brussels and the EU leadership. … Continue reading

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