Category Archives: Uncategorized

May 165, Leadsom 66, Gove 48, Crabb 34, Fox 16. Fox eliminated in British Tory leadership race.

The first round results are out in the British Conservative governing party leadership race to succeed David Cameron. Theresa May is the big winner with 165 first round votes Andrea Leadsom a distant second with 66 votes followed by Michael … Continue reading

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Britain votes to leave the EU: 17,410,742 vote to leave, 16,141,241 vote to remain.PM David Cameron announces his resignation in the fall.Financial markets react very negatively.

The referendum results are clear. The Uk is a very divided union. Despite 16.1 million voting to remain a member of the EU 17,410,241 voted to leave and so the United Kingdom will begin the process of disengaging from the … Continue reading

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The Great Shift in Conventional Wisdom: Deficit Hysteria Condemned as ”Bogglingly Stupid “Not Just by me But by bank economists in The Globe and Mail !

Well its been a very long time in coming to pass but finally my campaign against foolish dogma about deficits and public finance has borne fruit. I first started writing about the stupidity of fiscal orthodoxy in 1983. I had … Continue reading

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Oscar surprises: The Emerging Culture Wars in American politics

The Oscars this week were a welcome diversion from the flood of American primary politics that have monopolized the media over the past few weeks. The spectre of a very politically incorrect Donald Trump sweeping the Republican nomination from the … Continue reading

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The Passing of Stephen Clarkson: A Great Canadian Political Scientist A Canadian Nationalist, A liberal Urban Reformer and a Very Decent Human Being

I was very saddened to learn of the premature death of Stephen Clarkson at age 78 from the complications of influenza in Freiburg Germany. I got to know Stephen Clarkson a little during my PhD studies at the University of … Continue reading

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Sanders Economic Plan Sustained Stimulus Structural Change or Short Term Pump priming?

In order to properly assess the Sander’s economic plan one has to understand the original debate about economic stimulus that took place between Keynes, his closest followers , interpreters and his Treasury critics during the early 1930s. One also has … Continue reading

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Sanders Sweeps Clinton Trump Triumphs New Hampshire Primary

As of 12:06 a.m. the results in New Hampshire are as follows. In the Democratic party contest Bernie Sanders has secured a very decisive victory over Hillary Clinton wining 127,076 votes to Clinton’s 82,325, 60 % to 39 % with … Continue reading

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Dixville Notch reports first results in New Hampshire primary: Two other northern villages Hart’s Location and Millsfield also vote at midnight.

Its an old tradition dating back to the early 1950s in the case of Dixville Notch and its not scientific but its a fun way to begin the reportage of the key New Hampshire primary. In Dixville there will be … Continue reading

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Sanders Wins Virtual Tie with Clinton in Iowa;Cruz ahead of Trump and Rubio on Republican side; Will This Last ?

The Opening U.S. presidential primary in what promises to be an exciting race for political junkies took place in Iowa last night. There were a number of surprises at least for those who didn’t have their ear close to the … Continue reading

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Market mayhem driven by irrational traders’ fear;Canada Needs to Increase fiscal stimulus

The last week on the global stock markets has been a case study in how prone to irrational mood swings the financial markets can be. The film The Big Short based on Michael Lewis’s book of the same name provides … Continue reading

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