When I audited an economics class in the Rice University School of Business, the lecturer compared inflation to slow-growing cancer and deflation to a heart attack. The implication was that deflation, which is the declining prices, is fatal and worse than inflation....
There is no mystery in why Canada has seen a record-setting housing spike in the past year: negative real interest rates and monetary debasement from federal deficits. Rather than considering fiscal austerity and getting inflation under control, Ottawa has opted to...
Decentralized finance (DeFi) is here to stay and the time to jump on the bandwagon is now. By embracing blockchain and its related technologies, challenger banks are bringing the crypto revolution into traditional finance (TradFi) and preventing obsolescence. TradFi...
Despite decades of subsidies by Canadian taxpayers, Bombardier continues to be mired in a financial crisis jeopardizing its future. The latest humiliation came as the company had to sell its train-making division to pay off a substantial amount of debt due this year....
The indictment of former U.S. president Donald Trump for crimes invented by his political opponents is the most egregious example yet seen of the weaponizing of the law. The United States is now full of examples. However, in Canada, we also see the law being...
OTTAWA, REGINA - Last week, two things happened that could have profound impacts on natural resources development in Saskatchewan. One is a hint the federal government might want to take control of natural resources away from the provinces, and the other is the...
Great White North Lacks Supply, Research to Match Southern Neighbor Crippling drug prices in the United States have brought even Senator Bernie Sanders (D-VT) and President Donald Trump together; they both favor drug imports from Canada to ease the pain. Vermont has...
When the Canadian government announced last year that it was to overhaul the communications framework, there was the promise of room for much-needed foreign investment. However, instead of liberalization, submissions from dominant lobbies that have been recently...
An uproar is brewing over real estate in Canada, fueled by a misguided attempt to protect willing homebuyers from themselves. Owners see prices declining, while prospective first-time owners find themselves locked out by mandated stress tests. As sought by lenders and...
On May 21, the national government unveiled a lengthy "digital charter" with the noble goals of expanded internet access and more trust online. If one peels back the feel-good 10 principles and stated justifications, however, one finds a new weapon in the censor...
The ubiquitous use of Gross Domestic Product (GDP), along with its per capita derivative, means we often get away with writing the abbreviation alone. Yet this widespread social proof offers a false sense of accuracy for a fragile measurement overdue for an update....
Buenos Aires Uber drivers ask passengers to ride upfront to avoid vigilante attacks - an Argentine judge has ruled Uber illegal and the country’s banks have cut off Uber’s access. The city’s taxi cartel has shut down roads and brought violence and arson upon Uber...
Canada's edge as a locale for foreign investment is slipping fast, but there is a way to turn the ship around without lowering tax rates. Rather, the nation can curb capital flight by lowering the cost of tax compliance. As recently as 2010-2015, Canada bettered the...
Canada leads the world in the transition to digitized commerce. With more than two credit cards per capita, the cashless economy is approaching swiftly. The move has been largely voluntary, driven by convenience, and half of Canadians favor dispensing with notes and...
Central bankers increasingly sense their obsolescence, and rightly so. The more people turn to private currencies and conduct transactions without intermediaries, the less bureaucrats control the economy. In February 2019, a 33-page Bank of Canada "Crypto Money"...