Economy

Interest Rates and Expensive Credit in Ecuador?

Interest Rates and Expensive Credit in Ecuador?

"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...

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Economists vs the Public on Minimum Wages

Economists vs the Public on Minimum Wages

Raising the minimum wage is a popular policy among voters. Recent polls from Ontario found strong support for the province’s minimum wage hike, and in the United States, a Pew Research poll in 2016 showed that by a margin of 52 percent to 46, Americans supported more...

Crypto Innovation on the Chopping Block

Crypto Innovation on the Chopping Block

After the United States and the United Kingdom, Canada has the highest number of blockchain-related projects—thanks to a relatively hands-off approach. Paranoid authorities, however, are set to suffocate innovation with poorly targeted regulations. On November 8, the...

Same Racket, Sans Jacket

Same Racket, Sans Jacket

"Canadians do not need to be liberated,” said Canadian Prime Minister Lester B. Pearson half a century ago. On July 24, 1967, French president Charles De Gaulle lit the fuse for Quebec independence with his famous “Vive la Quebec libre!” speech. Today, neither of...