Northern Reflections: Sophocles Knew How The Story Went

Northern Reflections: And That Has Made All The Difference

Paul Krugman has been arguing against the doctrine of “epansionary austerity” for sometime. That doctrine holds that, if governments make deep budget cuts, the economy will expand. It has become a theology among American Conservatives. Until yesterday, it was a doctrine which the leaders of the European Union trumpeted at every opportunity. And Stephen Harper ...

RedBedHead: Harper’s Unearned Economic "Credibility"

It’s one of those “truths” in politics that is beyond questioning, like the “necessity” of an independent (i.e. free from democratic controls) central bank, but which, like everything else has evolved from a time when it wasn’t actually the truth. I’m, of course, speaking of the popular idea that the Tories are “good economic managers”. ...

Northern Reflections: The Reverend Mr. Harper

Stephen Harper is a dreadful prime minister. But we would have made a superb minister — the kind who stands smugly in a pulpit. He truly believes he is a member of the elect — and his vocation is to bring everyone else into the promised land. In this morning’s Globe and Mail, he lectures ...

RedBedHead: Stock Markets Have A Mood Disorder

There are so many ways that capitalism is absolutely irrational (not to mention inefficient at allocating resources) – the fact that the USA spends $1 trillion on “defence” while children die from lack of clean drinking around the world (or while growing numbers of American children live in poverty) is one that comes to mind. ...