Since the publication of Fully Automated Luxury Communism in 2018, a manifesto by Aaron Bastani, millennials across Canada and the United States have embraced a new Marxism for the 21st Century. A new millennial socialism based on the concept of …
Modern Monetary Theory: A Fairy Tale for Social Engineers
Left to their own devices, politicos every now and then come up with a theory that allows them to promise free lunches. Modern Monetary Theory (MMT) is all the rage now in the United States and Canada among starry-eyed social …
Progressives’ Attempt to Limit Pension Ownership Will Hurt Everyone
In recent days, a controversy flared up, or was orchestrated, when it came to light that some Canadian pension and other institutional investment funds may have owned shares in an American prison-management company called GEO, and another one called CoreCivic. …
Economic Lessons from Milton Friedman
Were he still alive today, Milton Friedman would celebrate his 107th birthday on July 31. An intellectual giant, his ideas played a significant role in making the world a freer and more prosperous place – from driving the elimination of …
Should the Government be a Co-owner of your house?
Ottawa will soon be participating in the property bubble in a direct, equity-owning way through its new First Time Home Buyer plan. Since the onset of the post-war period, it has been Canadian federal government policy to seek to help …
Canadians Abandon Ownership Thanks to Mortgage Restrictions
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 …
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 …