Assorted content for your weekend reading. – Umair Irfan writes about the implications of COVID-19 having been allowed to spread and mutate to the point where monoclonal antibodies are ineffective against new variants. Joe Vipond, Lisa Iannattone and T. Ryan Gregory discuss the desperate need to reduce the levels of
Continue readingTag: monetary policy
Accidental Deliberations: Wednesday Morning Links
Miscellaneous material for your mid-week reading. – Abdullah Shihipar discusses why there’s every reason to resist the pressure from self-serving politicians and business groups to succumb to COVID-19. Hannah Flynn discusses the long-term brain injuries traceable to long COVID in primates. And Steve Schering examines the hospitalization rates for children
Continue readingThe Progressive Economics Forum: The Fiscal Deficit, Modern Monetary Theory and Progressive Economic Policy
Modern Monetary Theory or MMT has crept in from the academic margins to become an influential doctrine in progressive policy circles in the United States. Both Elizabeth Warren and Bernie Sanders drew on the ideas of MMT to shape their ambitious public spending platforms. MMT has been cited as one
Continue readingThe Progressive Economics Forum: Trudeau’s proposed speculation tax
I’ve written a blog post about the Trudeau Liberals’ recently-proposed speculation tax on residential real estate owned by non-resident, non-Canadians. The full blog post can be accessed here.
Continue readingAccidental Deliberations: Thursday Morning Links
This and that for your Thursday reading. – David Callahan writes about the U.S.’ billionaire-dominated political system – and why nobody should be satisfied merely with having an ideologically-agreeable set of tycoons buying elections: Depending on your politics, you may either cheer or fear the influence spending of specific top
Continue readingAccidental Deliberations: Friday Morning Links
Assorted content to end your week. – Noah Smith offers a reminder that market principles don’t work for everything. And Amelie Quesnel-Vallee and Miles Taylor note that in the health sector in particular, the use of private providers to supplement an underfunded public system is leading to inequitable disparities in
Continue readingAccidental Deliberations: Wednesday Morning Links
Miscellaneous material for your mid-week reading. – Louis-Philippe Rochon discusses the need for monetary policy to be better coordinated with fiscal policy to ensure both sustainable economic growth and a more fair distribution of wealth: Monetary policy has been a failure. It has failed to encourage growth, as has been plainly
Continue readingThe Progressive Economics Forum: The Alternative Federal Budget 2017
This year’s Alternative Federal Budget (AFB) was released on March 9. I was proud to be the primary author of its housing chapter (that chapter is available in English here and in French here). The first AFB exercise began in 1994, with the first AFB being published in 1995. That
Continue readingThe Progressive Economics Forum: Finance Minister Bill Morneau on the Dangers of Bank of Canada Funding
A guest blog post from Larry Kazdan, publisher of the “Modern Monetary Theory in Canada” blog: https://mmtincanada.jimdo.com/contact/. Under legislation that came into effect in December 2015, e-petitions that garner at least 500 on-line signatures and that are sponsored by an MP can be tabled in Parliament. The federal government is then
Continue readingThe Progressive Economics Forum: Lessons from the Reagan Era on Managing Twin Deficits
Below is a guest post from Norman Mogil and Arthur Donner. Lessons from the Reagan Era on Managing Twin Deficits Many in the U.S. are harking back to the Reagan era for guidance on how to implement the pro-growth policies advocated by President Donald Trump and the Republican Congress. When Ronald
Continue readingThe Progressive Economics Forum: Challenging Inflation Targeting
Every 5 years the federal Finance Minister updates the “marching orders” that guide the Bank of Canada and its conduct of monetary policy. This process is the one opportunity for democratic oversight of the Bank, which otherwise is deemed to be operating “independently” of government — all the better to ensure that it has the […]
Continue readingAccidental Deliberations: Monday Morning Links
Miscellaneous material to start your week.- Joseph Stiglitz writes about the continuing need to rein in the excesses of corporate-dominated globalization:The failure of globalization to deliver on the promises of mainstream politicians has surely unde…
Continue readingAccidental Deliberations: Sunday Morning Links
This and that for your Sunday reading.- Andrea Germanos follows up on the IMF’s realization that handing free money and power to corporations does nothing for the economy as it affects people’s lives. And Susie Cagle examines the role of tech money -…
Continue readingAccidental Deliberations: Saturday Morning Links
Assorted content for your weekend reading.- Martin Lukacs highlights the Canadian public’s broad support for the Leap Manifesto – and the opportunity available to any party willing to put its contents into practice. And Shawn Katz is hopeful that the N…
Continue readingAccidental Deliberations: Friday Morning Links
Assorted content to end your week.- Larry Elliott writes that the OECD is calling on its member states – including Canada – to stop pushing destructive austerity and instead focus on needed public investments. – Ian Welsh points out the problems with m…
Continue readingThe 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 […]
Continue readingThe Progressive Economics Forum: Is another recession on its way?
Is another recession on its way? Louis-Philippe Rochon Associate Professor, Laurentian University Co-editor, Review of Keynesian Economics Canada’s economy shrank in the first quarter by a whopping 0.6%. Is this the beginning of a new recession? Recessions of course are defined as two consecutive quarters of negative growth. Now
Continue readingThe Progressive Economics Forum: The central banker who talked too much
The central banker who talked too much Louis-Philippe Rochon Associate Professor of economics, Laurentian University Co-Editor, Review of Keynesian Economics On Tuesday, Governor of the Bank of Canada, Stephen Poloz testified in Ottawa in front of the House of Commons Standing Committee on Finance. He had a lot to
Continue readingPolitical Eh-conomy: Podcast: JW Mason on business not investing, still disgorging the cash
https://politicalehconomy.files.wordpress.com/2015/04/podcast150420-jw-mason.mp3 This week’s podcast is a bit more economics-focused than usual but gets at the heart of what’s going on in the global economy where interest rates are near, at, or even below zero, but where investment, growth, wages and employment continue to suffer. My one guest, who joins me for a
Continue readingThe Progressive Economics Forum: ROCHON: Greece, Syriza and the Euro
This is a guest blog post from Louis-Philippe Rochon. Follow him on Twitter @Lprochon. — What a tumultuous few weeks we witnessed in Greece. Though the victory of Syriza was ill-received in particular in Germany and the European Central Bank, it was nonetheless a resounding victory for democracy. This victory
Continue reading