Tag Archives: Debt

A contrarian view. Idiosyncratic WhiskLeverage is not a sign of risk seeking, a continuing seriesKevin Erdmann

I’ve just written a blog post about the fiscal situation of Canada’s ‘oil rich’ provinces (i.e., Alberta, Saskatchewan and Newfoundland and Labrador). It consists of a summary of key points raised at a PEF-sponsored panel at this year’s Annual Conference of the Canadian Economics Association. Points raised in the blog post include the following: -The price of oil is impossible to accurately predict, and there’s no guarantee it will rise to past levels. -Each of Canada’s ‘oil rich’ provinces...

In May I presented at a SYMPOSIUM | Greece, Out of The Crisis: Debt-End or Dead-End. The presentation I gave (via Video Conference) was entitled “Why the Greek debt should be cancelled. It was odious in the first place.” It can be viewed via this link.

Review of Steve Keen's "Can we void another financial crisis?" | Michael Hudson Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Exceeded the maximum global requests per minute for crawlers or humans. Important note for site admins: If you are the administrator of this website note that your access has been limited because you broke one of the Wordfence blocking rules. The reason your access was limited is:...

I have an opinion piece on Saskatchewan’s recent budget in the Regina Leader-Post. Points raised in the opinion piece include the following: -Reductions in personal and corporate income taxes help the rich more than the poor (and this budget cut both personal and corporate income taxes). -Increases in sales tax hurt the poor more than the rich (and this budget increased both the breadth and the rate of the provincial sales tax). -A one-dollar increase in government spending on public...

Over at the web site of the Calgary Homeless Foundation, I’ve written a review of the recent Alberta budget. Points I make in the blog post include the following: -Alberta remains the lowest-taxed province in Canada. -Alberta’s net debt-to-GDP ratio remains the lowest in Canada. -For the third consecutive year, the Rachel Notley government announced a tuition freeze for (domestic) post-secondary students. -No major changes were announced to social assistance benefit levels. Thus, a “single...

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2016 has been an extraordinary year. Memorable for so many things: celebrity deaths, the melting of Arctic sea ice, Trump, Brexit, terror attacks in Europe, drownings in the Med, destruction in Syria. The largest movement of people in recorded history. And - perhaps - the overturning of the political & economic paradigm established by Reagan and Thatcher. Are we seeing the end of elites and the triumph of the common man? Was the Brexit vote really the victory of "ordinary people"? Was...