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A Lesson About Moral Hazard

A Lesson About Moral Hazard

Not too long ago, governments used to prohibit behaviour that was bad for its citizenry. Gambling was one such activity; it is a practice in which those insufficiently aware of statistical probabilities are induced to lose money to those with a deeper knowledge of the...

Money for Nothing and the Cheques Are Free

Money for Nothing and the Cheques Are Free

All 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, caricature MMT as...

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End the ‘War On Coal’

End the ‘War On Coal’

Far from being a threat, coal continues to bring health, welfare and prosperity to billions At the recent Environmental Protection Agency public hearing in Charleston, West Virginia, on withdrawing the “Clean Power Plan,” anti-coal activists were out in force: the...