Increasing government debt rarely a successful strategy

Increasing government debt rarely a successful strategyAll the rage in progressive policy and political circles in the United States, but not quite on the radar in Canada, is a fairly new set of ideas and prescriptions called Modern Monetary Theory, or MMT for short. Critics, somewhat unfairly, say MMT is simply a means of printing money to cover a vast, ambitious…

Bill C-69 is a loose, vague obstacle to development

The law is so full of giant holes that it could make things much worse for anyone planning a large project to improve our economy

Bill C-69 is a loose, vague obstacle to developmentCanada is no longer a low-risk, high-return venue for investment. The federal government has boxed itself into a corner in its attempts to square the process for reviewing and approving large mining, pipeline or other projects. It has run counter to the private sector’s desire for any such process to be clear, simple, relatively quick,…

Without new investment, Canada’s economy will stagnate

That means we need corporate tax reductions and we must ease the regulatory path for businesses

Without new investment, Canada’s economy will stagnateThere has been a lot of concern over the slow increase in living standards of the average Canadian over the past few decades. In the long run, economists say that the key to increasing real – corrected for inflation – wages is to increase productivity of those in the labour force. How to actually do…

The sad state of Canada’s economy can be remedied

Lower tax rates, with more capital investment, are crucial to increasing productivity, wages and living standards – and boosting the loonie

The sad state of Canada’s economy can be remediedCanadians’ standard of living isn’t growing as quickly as per capita gross domestic product (GDP). The reason: our dollar has been declining against the currency of our biggest trading partner, the United States. While some of that is because the U.S. dollar has risen against most currencies around the world, a lot of it is…

How to save Newfoundlanders from Muskrat Falls disaster

The hydroelectric project mess in Newfoundland and Labrador requires some hard choices. But taxpayers deserve and need some relief

How to save Newfoundlanders from Muskrat Falls disasterThe citizens and taxpayers of Newfoundland and Labrador received important news late in 2018: an autopsy of the horrific financial debacle at Churchill Falls and the beginning of an inquiry into the questionable new Muskrat Falls hydroelectric project. The long legal battle has ended over the Joey Smallwood era’s unprofitable Churchill Falls contract, which the…

Socialism at root of the green movement

Recent global developments cast doubt on the motives and methods of the most ardent proponents of global warming

Socialism at root of the green movementThe headlong rush in Canada to punitive carbon taxes, and restrictions on production, transport and consumption of coal, oil and natural gas, may take a much-needed pause. That’s due to the SNC-Lavalin affair dragging down the federal government, the resignation of a key leader of the World Bank, and a new head of the presidential…

Corporate corruption spreads its wings around the world

Even in our law-abiding, transparent country, graft happens. In some countries, it’s the cost of doing business

Corporate corruption spreads its wings around the worldFederal politics are transfixed by apparent managerial indiscretion yet again. SNC-Lavalin – whose officials have been found guilty of corruption in the past – faces criminal prosecution with consequences that could cripple it if found guilty. The company would face a ban on federal contracts for years, and such a ban could be honoured by…

Golden executive payoffs hurt shareholders and economy

Too many Canadian companies have bad managers and boards who rarely face the ramifications of their poor decisions

Golden executive payoffs hurt shareholders and economyThe Goldcorp Inc. merger with Newmont Mining Corp. has many people bemoaning the loss of yet another large, independent Canadian company to an opportunistic acquirer. With the consequent loss of many Goldcorp executive and other head office jobs, the real tragedy is that too many Canadian companies have aimless, dysfunctional, or outright bad managers who…

Venezuela’s descent into chaos was predictable

Taking wealth from one group and giving it to others just creates misery and strife

Venezuela’s descent into chaos was predictableNicolas Maduro was recently sworn in as president of Venezuela for a second six-year term. There are no signs things will improve in the strife-torn nation during this term. His first term was marked by hyperinflation, violent repression, flight of foreign investors, shutdown of businesses, bankruptcies, riots, food shortages, mass unemployment, widespread hunger, emigration of…

Cannabis legalization missteps leave little faith for solving opioid crisis

The delays, mistakes and outright incompetence related to cannabis legalization suggest we won't be able to manage opioid use

Cannabis legalization missteps leave little faith for solving opioid crisisEver since the oft-delayed rollout of legal recreational cannabis sales in Canada on Oct. 17, there have been problems across this vast and highly regulated land. All of these problems mean the illegal cannabis market remains intact. They also suggest we won't be particularly adept at handling legitimate drug crisis in this country. The cannabis-related…