Rather than attempt to explain what the mainly neoclassical economists are going on about, I want to step back and try to translate their debate into terms that would be understood by people who do not share the same assumptions. I am pretty sure that post-Keynesian economists have a lot to say about the topic as well, but once again, they tend to be discussing wonkish points that would elude an outsider.…I have an engineering background, and engineering is largely the science of...
Read More »J. W. Mason — A Baker’s Dozen of Reasons Not to Worry about Government Debt
Good summary of the main points regarding public debt.J. W. Mason's BlogA Baker’s Dozen of Reasons Not to Worry about Government DebtJW Mason | Assistant Professor of Economics, John Jay College, City University of New York
Read More »From Hammond on to Johnson – where next for fiscal policy?
As Mr Johnson takes over as Leader of the Conservative Hard Brexit Cult, and by virtue thereof as Prime Minister, it is timely to take a quick look at what his economic and fiscal policy options are - at least in the lead up to DD-Day (Do or Die) on 31st October. It’s equally important to take stock of Mr Hammond’s record as...
Read More »Alberta must find alternatives to cutting social spending
I have an opinion piece in today’s Edmonton Journal about Alberta’s current fiscal situation. Points raised in the blog post include the following: -The Jason Kenney government will almost certainly announce cuts to social spending in the near future. -Yet, more than 80% of Alberta’s kindergarten through Grade 3 classes currently exceed the provincial government’s own class-size targets. -Tuition fees as a share of university operating revenue have roughly tripled in Alberta...
Read More »Alberta must find alternatives to cutting social spending
I have an opinion piece in today’s Edmonton Journal about Alberta’s current fiscal situation. Points raised in the blog post include the following: -The Jason Kenney government will almost certainly announce cuts to social spending in the near future. -Yet, more than 80% of Alberta’s kindergarten through Grade 3 classes currently exceed the provincial government’s own class-size targets. -Tuition fees as a share of university operating revenue have roughly...
Read More »Ten things to know about affordable housing in Alberta
I’ve just written a ‘top 10’ overview blog post about affordable housing in Alberta. Points raised in the blog post include the following: -On a per capita basis, Alberta has far fewer subsidized housing units than the rest of Canada -Some Alberta cities have much more low-cost rental housing (per capita) than others. -Going forward, the impact of the federal government’s National Housing Strategy will be modest. -There are considerable cost savings to be...
Read More »Ten things to know about affordable housing in Alberta
I’ve just written a ‘top 10’ overview blog post about affordable housing in Alberta. Points raised in the blog post include the following: -On a per capita basis, Alberta has far fewer subsidized housing units than the rest of Canada -Some Alberta cities have much more low-cost rental housing (per capita) than others. -Going forward, the impact of the federal government’s National Housing Strategy will be modest. -There are considerable cost savings to be realized when investing...
Read More »Ten things to know about this year’s Alberta Alternative Budget
The Alberta Alternative Budget (AAB) is an annual exercise whose working group consists of researchers, economists, and members of civil society (full disclosure: I’m the Editor). Our general mandate is to create a progressive vision for Alberta to boost economic growth and reduce income inequality. This year’s document was released today, and here are 10 things to know: The NDP government of Rachel Notley government made important advances with respect to childcare,...
Read More »Ten things to know about this year’s Alberta Alternative Budget
Posted by Nick Falvo under aboriginal peoples, Alberta, budgets, Child Care, demographics, early learning, economic growth, education, employment, employment standards, fiscal policy, health care, homeless, housing, HST, income distribution, income support, Indigenous people, inequality, labour market, macroeconomics, minimum wage, NDP, population aging, post-secondary education, poverty, privatization, progressive economic strategies, public infrastructure, public services,...
Read More »MEDIA RELEASE: Alberta should increase social spending; cuts are not the way to go
(June 24, 2019-Calgary) With Alberta’s economy still facing challenges and vulnerabilities, the Alberta government should not be doling out tax cuts or cutting social spending, according to the Alberta Alternative Budget (AAB) released today. “Alberta still has, by far, the lowest debt-to-GDP ratio of any province,” says Nick Falvo, editor of the report. “We are in a good position to increase spending on education, invest in affordable child care, offer free dental care to Albertans...
Read More »