It is a relief that the U.S. Federal Reserve Board is not veering off into climate theology or other mission-irrelevant distractions. While recent comments of the Fed’s chair, Jerome Powell, were unequivocal, comments from the Bank of Canada have not been as...
Hon. Pierre Poilievre at Lunch on the Frontier, Winnipeg, January 13, 2023. (45 minutes)
“Ahead, Thar Be Dragons.” The world of 2023 is a scary place. One major war is raging, with others probably on the way. The Pax Americana that has given us freedom of the seas and allowed global trade to flourish might be breaking down. International piracy,...
It’s a well-known pattern in public policy – profligate politicians damaging their economies with out-of-control spending, massive borrowing and higher taxes – inevitably leading to fiscal crisis, sharp declines in growth and ultimately rapidly falling currency value...
It’s a well-known pattern in public policy – profligate politicians damaging their economies with out-of-control spending, massive borrowing and higher taxes – inevitably leading to fiscal crisis, sharp declines in growth and ultimately rapidly falling currency value...
Mass hysteria is the spontaneous manifestation of a particular behaviour by many people. There are numerous historical examples: Middle Age nuns at a convent in France spontaneously began to meow like cats; at another convent, nuns began biting one another. In...
Underneath all the media brouhaha and institutional focus on bitcoin, a struggle is brewing in the crypto world: which altcoin will pick up the baton? A fierce competition is underway for the podium, with Ethereum having a clear first-mover advantage. Bitcoin, as...
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...
Canada exports huge quantities of water to the United States and all over the world. As the world’s fifth largest exporter of agricultural products – which are composed mainly of water – huge amounts of Canadian water leave the country every day. Whole lakes are...
The price of copper has long been a bellwether for economic conditions. The price is strongly correlated to economic activity, industrial production and economic growth in general. It is also highly correlated with the Canadian dollar and economy. The red metal’s...
"Those that fail to learn from history are doomed to repeat it.” - Winston Churchill Background On January 9, 2000, then-President Jamil Mahuad announced the official adoption of the monetary system of dollarization, having unleashed a spontaneous process. In January...
The federal government has spotted another pretext to increase its scope: subsidized child care. Despite knowing economic lockdowns have caused massive job losses, Ottawa officials argue that unaffordable child care impedes women from returning to the workforce....
Of late, the dollar value of cryptocurrencies such as Bitcoin and Ethereum and others, have hit new record highs, in the thousands of dollars per unit. The price escalation has attracted more speculators, which have further boosted the price over the past several...
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...
The pandemic took many countries, governments and people by surprise. Many were not prepared to face this crisis. Initially, most Western countries refused to panic and wanted to manage the situation like another flu epidemic. But the outbreaks in hospitals and other...