Category Archives: Uncategorized

The virtues of debt monetization.

Two weeks ago I wrote a letter to the Editor at The Globe and Mail critiquing  Konrad Yakabuski for the deficit hysteria he was presenting in an opinion piece on the Bank of Canada and the pandemic . The paper … Continue reading

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The economic consequences of Covid-19: more or less severe than the immediate consequences of the crash of 1929 ?

Its difficult to discuss such a tragedy that has cost so many lives in economic terms. But to make certain the damage from the pandemic is not made worse by poor policy decisions we need to understand the full impact … Continue reading

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Fiscal Conservatives renew their attack on government spending complaining that Covid -19 counter measures excessively increase deficits and government share of the economy

The American largely Republican Party dominated fiscal conservative lobby of policy advisors, academics and commentators have begun once again to try to undermine the very sensible congressional policy spending and investment plans which Congress has passed and which the House … Continue reading

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The political economy of Covid 19 in the early 21st century

The covid pandemic has had already a very significant impact beginning with the tragic death of over 100,000 people in North America alone. 6545 in Canada, 7633 in Mexico and a staggering 99,459 in the United States. World wide the … Continue reading

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President Trump suggests Negative interest rates to help economy. Its a useful suggestion that should stimulate a debate

Once again President Trump has made a useful suggestion to stimulate growth in the economy with which the chairman of the Federal Reserve disagrees. The chairman Jerome Powell has suggested that the Fed for the time being is not considering … Continue reading

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The new reality: hoarding or avoiding using cash because of Covid- 19 and the relevance of Quantitative Easing

Keynes wrote at length about the increased attachment to cash which he called increased liquidity preference in a time of crisis which leads to a rise in the rate of interest as there are limits to the amount of cash … Continue reading

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Co vid 19 pandemic confirms again the critical relevance of Keynes and his policy tools

March 27 2020 , The current Covid19 crisis and the American and Canadian response to it by both the President and the Congress and the Fed , the Prime Minister, Parliament and the Bank of Canada is once again proof … Continue reading

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Poli 610 2019 schedule of student presentions

  Janik Rogas  The crash and financial crisis of 2007- 2009.September 17. 2.    Luke Michel Donovan  Say‘s law, unemployment and the Labour market          clearing model.The natural rate of unemployment and inflation. Sept.24. 3.   . … Continue reading

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Fall 2019 Poli 204 A course outline (under construction)

Poli 204  A/ 2019 Concordia university Introduction to Canadian Politics Professor Harold Chorney  Course outline including essay topics list Wed. 2:45-5:30 FG C070 Office hours Tuesday 4:30 to 5:30 Wed 1:30 -2:25 . The study of Canadian politics is a … Continue reading

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Pol. 610  Macro-economic policy-making after Keynes (under construction)

Concordia University fall 2019 Prof. H. Chorney tel. 848 2424 ext.2106  e mail harold.chorney@concordia.ca Office hours tba This course is an intensive examination of macro-economic policy-making and macro-economic theory in the light of recent and earlier global developments, including the … Continue reading

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