Economy

Atlantic Canada Must Reinvent Itself

Atlantic Canada Must Reinvent Itself

For many years, there has been debate about equalization and other transfer programs and their impact on Atlantic Canada and other regions. Much of this discussion has been technical and difficult to follow.  The debate has also been misleading because it focused on...

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Trust is the Foundation of Authority

The heartbreaking death of Nathanael Spitzer, the cancer-stricken boy from Ponoka, exposed a most callous streak in Alberta’s medical bureaucracy. There is no forgiving how Alberta Health Services appallingly used a child’s death to promote yet more COVID-19 fear. ...

Sell Yosemite, Hold a Smithsonian Yard Sale: Let’s see, the Bureau of Land Management holds 253 million acres. At $2,000 per acre . . .

Facing the “fiscal cliff,” perhaps the president and Congress should start thinking in terms of the “foreclosure crisis.” All lenders, whether a local home-loan bank or the Chinese government, expect to be repaid either from the borrower’s income or, if that is insufficient, from the sale of assets. Where does that leave the U.S. government?

Higher Prices, Less Choices; Let’s Reject Cartels

Imagine you and your business partners tried to corner the Canadian market for light bulbs. You conspired to control production and divvy up the market to inflate prices. Cartels like this are illegal in Canada. And there are tough criminal penalties if you’re caught – fines of up to $25-million and 14 years in jail under the Competition Act.

The Incredible Bain Jobs Machine: In a competitive economy, $5,000 computers become $500 tablets. Consumers get to spend the difference elsewhere in the economy.

Did Mitt Romney and Bain Capital help office-supply retailer Staples create 88,000 jobs? 43,000? 252? Actually, Staples probably destroyed 100,000 jobs while creating millions of new ones. Since 1986, Staples has opened 2,000 stores, eliminating the jobs of distributors and brokers who charged nasty markups for paper and office supplies. But it enabled hundreds of thousands of small (and not so small) businesses to stock themselves cheaply and conveniently and expand their operations.