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Michal Rozworski: Trudeau’s economic model is clear and it is not good

Last week gave us a good idea of the economic model that Trudeau’s Liberals are gradually putting forward and it is business-friendly to the core. The infrastructure bank privatization scheme was the big news item in the fall fiscal upate (see my post from last week), but there are far more goodies to make . . . → Read More: Michal Rozworski: Trudeau’s economic model is clear and it is not good

Michal Rozworski: The great rentier give-away

With today’s fiscal update, the Trudeau government has really shown itself to be at the forefront of global left neoliberalism. Taking nearly all his cues from his business-dominated Advisory Council on Economic Growth, the Finance Minister announced a new Canada Infrastructure Bank as the centerpiece of the fiscal update and the Liberal’s economic strategy. Don’t . . . → Read More: Michal Rozworski: The great rentier give-away

The Progressive Economics Forum: How do you solve a problem like precarious work?

Finance Minister Bill Morneau has taken quite a bit of heat for his tone deaf comments about the reality of precarious work, specifically saying that we should just “get used to job churn”. But his policy prescription, an improved social safety net, is a quite valid part of the solution. But must we accept that . . . → Read More: The Progressive Economics Forum: How do you solve a problem like precarious work?

The Progressive Economics Forum: Central Agencies in Canada

Do you ever sit in bed late at night wondering what it is that Finance Canada, the Privy Council Office and Treasury Board Secretariat actually do? Well, wonder no more my friends! Over at the web site of the Calgary Homeless Foundation, I’ve written a blog post titled “Ten things to know about central agencies […] . . . → Read More: The Progressive Economics Forum: Central Agencies in Canada

Alberta Politics: Postmedia’s symbiotic relationship with the Canadian Taxpayers Federation fails to offer much illumination

PHOTOS: The Canadian Taxpayers Federation’s misleading “debt clock” trailer back when Alberta’s debt wasn’t $10 billion. Now it isn’t $17 billion. Below: CTF Alberta Director Paige MacPherson, telling Okotoks Online that 44,000 teachers sho… . . . → Read More: Alberta Politics: Postmedia’s symbiotic relationship with the Canadian Taxpayers Federation fails to offer much illumination

Michal Rozworski: Growing the middle class or adapting the elite consensus?

Today’s federal government budget is a litmus test for the new Liberal government. They campaigned on promises of “real change” from the last regime, including a willingness to increase social spending even if it meant running deficit budgets. And, in keeping with this pledge, spending is up, and the deficit is forecast at $29.4 billion. […] . . . → Read More: Michal Rozworski: Growing the middle class or adapting the elite consensus?

Michal Rozworski: Fiscal policy for the left, or Corbyn vs Mulcair on deficits

The question of deficits dominated a lot of the economic debate in Canada during the 2015 federal election and even today. Jeremy Corbyn’s Labour Party introduced a new fiscal policy last week that, on surface, appears to mirror the NDP’s anti-deficit stance from the 2015 campaign. Looking closer, however, Labour’s policy diverges quite substantially and […] . . . → Read More: Michal Rozworski: Fiscal policy for the left, or Corbyn vs Mulcair on deficits

The Progressive Economics Forum: February Labour Force Woes

The unemployment rate is up again this month, to 7.3%, with 1.4 million workers looking for jobs in February. A loss of full-time work was partly replaced by part time positions. A disproportionate percentage of last year’s growth came from precarious self-employment. Remember those heady days when we could say that at least Canada’s unemployment rate […] . . . → Read More: The Progressive Economics Forum: February Labour Force Woes

The Progressive Economics Forum: The 2016 Federal Budget

Here is a link to the Broadbent Institute pre Budget Submission, trying to push the Liberal platform in a more progressive and social democratic direction. http://www.broadbentinstitute.ca/budget_2016_charting_progressive_agenda   . . . → Read More: The Progressive Economics Forum: The 2016 Federal Budget

The Progressive Economics Forum: Boosting the economy for the rest of us

Elites and the talking heads in the media are arguing about how to respond to Canada’s soured economic outlook. Who should try to boost the economy, the federal government via fiscal stimulus or the Bank of Canada via monetary policy? But while elites argue amongst themselves, the overriding context is a transfer and concentration of […] . . . → Read More: The Progressive Economics Forum: Boosting the economy for the rest of us

The Progressive Economics Forum: Dix choses à savoir sur les défis associés avec mettre fin à l’itinérance au Canada

Le 18 novembre, j’ai fait une présentation sur les défis en ce qui concerne « mettre fin à l’itinérance » au Canada au 7 Cities Leadership Summit à Edmonton. Ma présentation, illustrée de diapositives, peut être téléchargée ici. Voici dix choses à savoir en tant que défis concernant « mettre fin à l’itinérance » au Canada. […] . . . → Read More: The Progressive Economics Forum: Dix choses à savoir sur les défis associés avec mettre fin à l’itinérance au Canada

The Progressive Economics Forum: Ten Things to Know About the Challenges of Ending Homelessness in Canada

On November 18, I gave a presentation on “ending homelessness” at the 7 Cities Leadership Summit in Edmonton. My PowerPoint slides can be downloaded here.

Here are ten things to know about “ending homelessness” in Canada:

1. In 2008, Calgary became the first Canadian municipality to publicly commit to “ending homelessness.” More than a dozen . . . → Read More: The Progressive Economics Forum: Ten Things to Know About the Challenges of Ending Homelessness in Canada

The Progressive Economics Forum: Ten Things to Know About Homelessness in Canada

This afternoon I gave a presentation at Raising the Roof’s Child & Family Homelessness Stakeholder Summit in Toronto. My slide deck can be downloaded here. To accompany the presentation, I’ve prepared the following list of “Ten Things to Know About Homelessness in Canada.”

1.Efforts to enumerate persons experiencing homeless have generally been spotty, but it . . . → Read More: The Progressive Economics Forum: Ten Things to Know About Homelessness in Canada

The Progressive Economics Forum: Dix Choses à Savoir sur l’Itinérance au Canada

Cet après-midi, j’ai fait une présentation au Child & Family Homelessness Stakeholder Summit, organisé par Chez Toit, à Toronto. Ma presentation, illustrée de diapositives, peut être téléchargée ici. Pour accompagner la présentation, je vous ai préparé la liste suivante des « Dix choses à savoir sur l’itinérance au Canada. »

1. Les tentatives de dénombrer . . . → Read More: The Progressive Economics Forum: Dix Choses à Savoir sur l’Itinérance au Canada

The Progressive Economics Forum: Canada’s failed experiment with corporate income tax cuts

 

After a generation of comparatively high corporate income tax (CIT) rates, in the late 1980s Canadian governments at the federal and provincial levels began a series of corporate income tax reforms. According to many mainstream (‘neoclassical’) economists, reducing CIT rates was a wise public policy. A reduced CIT rate means a reduction in the . . . → Read More: The Progressive Economics Forum: Canada’s failed experiment with corporate income tax cuts

The Progressive Economics Forum: Mr. Harper’s recession

Mr. Harper’s recession

Louis-Philippe Rochon Associate professor of economics, Laurentian University Co-Editor, Review of Keynesian Economics

 

Short of a miracle, Canada is officially in recession, which I predicted back in January. But this recession was wholly avoidable had Mr. Harper and his government abandoned their wicked policies of austerity in favour of a growth-oriented . . . → Read More: The Progressive Economics Forum: Mr. Harper’s recession

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: 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: Bank of Canada Holds Rate Steady

The Bank of Canada released it’s quarterly Monetary Report today, and held rates firm at 3/4 per cent.

The Bank cut growth expectations for 2015, but expects Canada’s GDP to rebound in 2016. Much of this rebound will depend on a growing U.S. and global economy, and on the ability of Canadian exporters to capture . . . → Read More: The Progressive Economics Forum: Bank of Canada Holds Rate Steady

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

The Progressive Economics Forum: ROCHON on the upcoming federal budget (April 2015)

THE FEDERAL BUDGET AND CANADA’S ANNUS HORRIBILIS

See Original post here for the CBC.

Canada’s Finance Minister Joe Oliver announced a new – and long overdue – federal budget for April 21. With the Canadian economy doing so badly, this budget will be crucial.

Will the minister do the right thing and give Canadians a . . . → Read More: The Progressive Economics Forum: ROCHON on the upcoming federal budget (April 2015)

The Progressive Economics Forum: Harper Conservatives vs the IMF on Deficits

Here is an extract from my column on balanced budgets in the Globe ROB today.

“When it comes to balancing the books, the Harper government is seemingly more Catholic than the Pope. Even the International Monetary Fund (IMF), hardly big fans of high government spending, argue in their latest Country Report released in January that . . . → Read More: The Progressive Economics Forum: Harper Conservatives vs the IMF on Deficits

The Progressive Economics Forum: G20 meeting of world finance ministers too little too late

Posted earlier as an opinion piece for CBC. See original post here (this post slightly modified from original)

By Louis-Philippe Rochon

Follow him on Twitter @Lprochon

 

Much was at stake earlier this week when finance ministers from G20 countries met in Istanbul to discuss Greece and the state of the world economy in . . . → Read More: The Progressive Economics Forum: G20 meeting of world finance ministers too little too late

The Progressive Economics Forum: Rochon Asks: “Is the Canadian economy unraveling?”

In a recent CBC blog post, Louis-Philippe Rochon assesses the current state of the Canadian economy.

The link to the blog post is here.

Follow him on Twitter @Lprochon.

The Progressive Economics Forum: Louis-Philippe Rochon’s Top 10 Economic Predictions for 2015

Louis-Philippe Rochon has written a provocative blog post for the CBC titled “Top 10 Economic Predictions for 2015.”

The post is available here.