Professor David Henderson tells the story of how Canada regained control of its spending the 1990s, and explains that even severe deficit problems can be resolved through effective cuts to government spending and without recurring to major tax increases.
David Henderson
If Canada Can Do It…: Slashing the State in the Great White North
“In 1994 government debt was 68 percent of Canada’s GDP. By 2008 that number was down to 29 percent. Finance Minister Paul Martin Jr. and Prime Minister Jean Chrétien, both of the Liberal Party, are the two unlikely stars in this heroic tale of fiscal discipline.”
Let My Free Market Go: Alternate Recession Strategy
In these free-spending times there’s a growing movement among economists who say the best way out of this recession is to do nothing, nothing at all.
Will The Real Christina Romer Please Stand Up?
One big problem with the Romers’ research, which they acknowledge, is that in their model one tax cut of a given magnitude is identical to another tax cut of the same magnitude. It doesn’t matter, in their model, whether the tax cut comes from a tax credit or from a cut in marginal tax rates. But, of course, it does matter.
Featured News
There’s Nothing Fair About Canadian Health Care
For the past 14 years, Vancouver surgeon Dr. Brian Day has led the charge for health-care reform, pushing for the right of patients to pay for private care if their health and well-being are threatened as a result of waiting in a stagnant and overburdened public...
Transformers: More than Meets the Eye
The path to net zero, based on the much disputed belief that carbon dioxide is a pollution, is more steep and impractical than most people realize. Replacing fossil fuels with clean electricity will require much more power generation and a greatly upgraded grid to...
What the Real-Wage Pessimists Are Missing
The claim that average real wages for working people are falling is false. Those who conclude that ignore changes in the work week, do not properly account for the effects of inflation and incorrectly calculate the value of non-wage benefits.
“Data Never Tell a Story—They Must Be Interpreted”
A reasonable interpretation of this international survey could lead to an opposite conclusion: that free-market healthcare systems are superior.
Getting Results from Markets
One of my favorite movie quotes is Hayley Mills’s line in Pollyanna, “When you look for the bad in mankind, expecting to find it, you surely will.” And that’s what Mr. Stracher and many others do. While you’re busy looking for the bad, you miss so much of the good.
An Invasion Without Guns
It’s not surprising that Europeans, when they get to choose, go to movies made by a competitive industry rather than a subsidized one.
How Canada Can Catch up to the U.S. Economic Miracle
Canadians often worry, justifiably, that their economy is falling further and further behind the sizzling U.S. economy.
Kinder, Gentler Recessions
Future recessions will be less severe and shorter than past recessions and the information technology revolution deserves some of the credit for the shift.