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The 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 in 2016), which also means . . . → Read More: The Progressive Economics Forum: Who’s Afraid of Deficits?

Alberta 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 were gone at last. Long-time . . . → Read More: Alberta Politics: Guest Post by Mimi Williams: When the NDP abandoned its socialist principles, it abandoned its chance of winning

The 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 yes, does he read the . . . → Read More: The Progressive Economics Forum: Election 2015: Trudeau’s Court of Economic Advisors

The 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 ultimately reflect in the October . . . → Read More: The Progressive Economics Forum: Election 2015: An Escape Hatch for the NDP?

The 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.

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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 is that today we have . . . → Read More: The Progressive Economics Forum: Missing in (debate) action: macroeconomic lessons from the Great Depression

The 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 of four years of balanced . . . → Read More: The Progressive Economics Forum: Election 2015: The Political Economy of Balanced Budgets

The 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 Pyrrhic victory. History shows austerity . . . → Read More: The Progressive Economics Forum: The Austerity Trap

The 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 of great economic uncertainty in . . . → Read More: The Progressive Economics Forum: My “Top Five” Most Outrageous Things About This Budget

The 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 terrorism, the economy and job . . . → Read More: The Progressive Economics Forum: ROCHON on 2015 budget: Conservatives making a mockery of working Canadians

The 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 future generations of prosperity.

While . . . → Read More: The Progressive Economics Forum: ROCHON on balanced budgets

Alberta 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?

British Columbia and . . . → Read More: Alberta Diary: A Tale of Two Provinces: B.C. NDP and Wild Rosehip Tea Party show why opposition matters