I’ve written an opinion piece that appears in today’s Regina Leader-Post. The piece argues that the Saskatchewan government shouldn’t brag about the province’s low-tax climate (which it recently did). Rather, I argue that taxes serve important functions. The link to the opinion piece is here.
Continue readingTag: Balanced Budgets
The Progressive Economics Forum: Ten considerations for the next Alberta budget
Over at the Behind The Numbers website, I’ve written a blog post titled “Ten considerations for the next Alberta budget.” The blog post is a summary of a recent workshop organized by the Alberta Alternative Budget Working Group. The link to the blog post is here.
Continue readingThe Progressive Economics Forum: An Analysis of Financial Flows in the Canadian Economy
An essential but perhaps overlooked way of looking at the economy is a sector financial balance approach. Pioneered by the late UK economist Wynne Godley, this approach starts with National Accounts data (called Financial Flow Accounts) for four broad sectors of the economy: households, corporations, government and non-residents. Here’s how
Continue readingAlberta Politics: If you’re an Albertan who demands low taxes, balanced budgets, and pipelines to B.C., expect to be told to look in the mirror
PHOTOS: Alberta Finance Minister Joe Ceci, a New Democrat. Below: Former Wildrose leader and United Conservative Party leadership contender Brian Jean, now retired from politics, and B.C. based environmentalist Tzeporah Berman, very much not retired from activism. By way of setting the stage for Thursday’s budget speech, Finance Minister Joe
Continue readingThe Progressive Economics Forum: Fiscal situation of Canada’s ‘oil rich’ provinces
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
Continue readingThe Progressive Economics Forum: The Federal Role in Poverty Reduction
Over at the web site of the Calgary Homeless Foundation, I’m co-author of a blog post titled “The Federal Role in Poverty Reduction.” Points raised in the blog post include the following: -Canada’s Minister of Families, Children and Social Development has been tasked to lead the development of a Canada
Continue readingThe Progressive Economics Forum: Who’s Afraid of Deficits?
We all knew that Budget 2015 was optimistic about medium term growth and rebounding oil prices, but the good people at the PBO have given us an indication of just how far off those projection were. They estimate that nominal GDP will be about $20B lower through 2020 ($30B lower
Continue readingAlberta Politics: Guest Post by Mimi Williams: When the NDP abandoned its socialist principles, it abandoned its chance of winning
PHOTOS: Federal NDP leader Thomas Mulcair – whatever was he thinking? Below: Guest Post author Mimi Williams; Jeremy Corbyn, new leader of Britain’s Labour Party. Many New Democrats were shocked and dismayed at the outcome of Monday’s federal election, despite their relief that Stephen Harper and his Conservative Party government
Continue readingThe Progressive Economics Forum: Election 2015: Trudeau’s Court of Economic Advisors
“I don’t read newspapers, I don’t watch the news. I figure, if something important happens, someone will tell me.” Justin Trudeau’s surprising confession in a 2001 Globe and Mail essay (“Something I’m Passionate About”, Feb.3) raises three questions: 1) does he read newspapers and watch the news now?; 2) if
Continue readingThe Progressive Economics Forum: Election 2015: An Escape Hatch for the NDP?
In an earlier post, I sought to explain (not necessarily defend) the Mulcair team’s decision to run balanced budgets as an election campaign tactic to counter being branded by the Conservatives (and potentially the Liberals)as a profligate manager of the public purse. Whether or not this tactic is successful will
Continue readingThe Progressive Economics Forum: Missing in (debate) action: macroeconomic lessons from the Great Depression
This is a guest blog post from Mario Seccareccia, Professor of Economics, University of Ottawa. ——- Since the October 2008 federal election, Canadian politicians have been struggling to come to terms with what to all accounts has turned out to be a “lite” version of the 1930s, whose major difference
Continue readingThe Progressive Economics Forum: Election 2015: The Political Economy of Balanced Budgets
First, disclosure. I wear several hats. In addition to being a progressive economist, I am a member of the NDP. I have been since 1988. I will be voting for the NDP candidate in my riding and I just donated $100 to the party,with more to follow. The recent promise
Continue readingThe Progressive Economics Forum: The Austerity Trap
Louis-Philippe Rochon is associate professor of economics at Laurentian University and co-editor of the Review of Keynesian Economics. Originally published by CBC. See here. In its April budget, the federal government announced it had succeeded in balancing the budget. Such an achievement, however, will prove to be at best a
Continue readingThe Progressive Economics Forum: My “Top Five” Most Outrageous Things About This Budget
With a document whose very timing, let alone content, was so transparently politicized and manipulative, it’s hard to even know where to start. Among the many galling, short-sighted, and ultimately destructive components of this federal budget, here are 5 that stand out in my view: 1. Timing. At a time
Continue readingThe Progressive Economics Forum: ROCHON on 2015 budget: Conservatives making a mockery of working Canadians
CONSERVATIVES MAKING A MOCKERY OF WORKING CANADIANS Louis-Philippe Rochon Associate Professor of Economics, Laurentian University Co-Editor, Review of Keynesian Economics Today, with great fanfare, Minister of Finance, Joe Oliver, tabled his much-delayed budget in the House of Commons. Despite the government’s best effort to confuse Canadians with tales of
Continue readingThe Progressive Economics Forum: ROCHON on balanced budgets
Balanced budget legislation will be disastrous for Canada Louis-Philippe Rochon Associate Professor of Economics, Laurentian University Co-Editor, Review of Keynesian Economics Twitter @LPROCHON Finance Minister Joe Oliver’s latest muses about introducing balanced budget legislation is the worst policy for Canada, and will doom us to European-style crises and rob
Continue readingAlberta Diary: A Tale of Two Provinces: B.C. NDP and Wild Rosehip Tea Party show why opposition matters
Razzle-dazzle, sis-boom-bah, balanced budgets, rah-rah-rah! Danielle Smith and the Wild Rosehip Tea Party yell squad cheers for Alison Redford’s Tory team’s worst plays on the field. The actual Alberta opposition may not be quite as illustrated. Below: Ms. Redford and B.C. Premier Christie Clark. Why are these two premiers smiling?
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