Saturday , March 28 2020
Home / Progressive Economics Forum / the 2020-21 Alberta budget

the 2020-21 Alberta budget

Summary:
Thank you, as always for your succinct and cogent analysis. Consider that increased taxation to support provincial government spending, while entirely justified, is essentially a shift in spending, not an increase, and its stimulative effect will be small. Particularly with the collapse of oil revenues, Alberta must receive substantial federal support. The federal gov’t which owns a central bank with sovereign currency has the fiscal capacity to fight long wars, bail out the whole financial system at times of crisis, and can certainly support the sick, the unemployed and ailing provinces like Alberta during the coronavirus outbreak and a recessed economy. A massive Green New Deal which allows for transition would be an excellent step. And hopefully Alberta politicians will stop

Topics:
Nick Falvo considers the following as important: , , , , , , , , , , , , , , ,

This could be interesting, too:

Nick Falvo writes Affordable housing, homelessness and the upcoming federal budget

Jim Stanford writes Federal Support Package: The Pros, the Cons, and the Next Shoe to Drop

Mike Norman writes Bill Mitchell — The coronavirus will redefine what currency-issuing governments can do – finally

Mike Norman writes Yes, It’s Not .5 Trillion Of Spending — Brian Romanchuk

Thank you, as always for your succinct and cogent analysis. Consider that increased taxation to support provincial government spending, while entirely justified, is essentially a shift in spending, not an increase, and its stimulative effect will be small. Particularly with the collapse of oil revenues, Alberta must receive substantial federal support. The federal gov’t which owns a central bank with sovereign currency has the fiscal capacity to fight long wars, bail out the whole financial system at times of crisis, and can certainly support the sick, the unemployed and ailing provinces like Alberta during the coronavirus outbreak and a recessed economy. A massive Green New Deal which allows for transition would be an excellent step. And hopefully Alberta politicians will stop their counterfactual sermons on how the federal gov’t depends on oil revenues.

Nick Falvo
Director of Research & Data, Calgary Homeless Foundation. Economist. Research Associate, Carleton University Centre for Community Innovation. Tweets are my own.

Leave a Reply

Your email address will not be published. Required fields are marked *