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Recent Posts
- 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.
- Deficit and debt worries exaggerated by parliamentary budget officer
- Poli 204 course outline fall 2020
- Poli 610 course outline fall 2020
- Protectionism and the rise of Donald Trump; Erin O‘Toole wins Tory leadership with the support of social conservatives, Quebec nationalists and Alberta energy sector
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Category Archives: Uncategorized
Trudeau government‘s fiscal snapshot update
The Finance Minister Bill Morneau has once again revealed the Government‘s commitment to sensible progressive economic policy from which there is additional room to continue to provide income support for both business and working people who have lost their jobs.The … Continue reading
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Fall course offerings at Concordia U.
Its now July 6 and the U.S. is facing a major spike in Covid-19 following their premature opening of the economy. This seems likely to lead to further lockdowns in the months to come. Here in Quebec the situation is … Continue reading
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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
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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