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Archive for the ‘Economics’ Category

Stephen Harper: “In the long run, we’re all dead”

February 26th, 2009 | 1 Comment

Didn’t Stephen Harper used to be a conservative? The Harper government wants to set up a $3 billion “stimulus” slush fund, which the prime minister defends by quoting John Maynard Keynes. Prime Minister Stephen Harper agreed there are some long-term risks associated with the stimulus package — but he cited a famous economist to argue [...]

“Sometimes the most generous thing you can do is just say no”

February 22nd, 2009 | Comments Off

Dead Aid, the title of the book by Zambian economist Dambisa Moyo, is an obvious slap in the face of Bob Geldof, Bono, and the other jet-setting celebrities who performed at Live Aid. Her recent interview in The New York Times is headlined “The Anti-Bono” and the first question asks if she has ever met [...]

Discount “anti-crisis bread” on sale in Tatarstan

February 20th, 2009 | Comments Off

A head honcho at bread producer Chally-Bread is running for Tatarstan’s parliament, and half-price bread suddenly appears on store shelves. It’s just a coincidence, insists candidate Rafael Yunysov. Stores in the city of Chally, in the Republic of Tatarstan, are offering discount “anti-crisis bread” in a move that looks suspiciously like an effort to boost [...]

Who needs jobs?

February 18th, 2009 | Comments Off

h/t: Fighting for Taxpayers

Liberal brainstorm: Force grocery stores to buy local

February 17th, 2009 | Comments Off

Nova Scotia Liberal MLA Leo Glavine wants legislation to force grocery stores to carry meats, fruits, and vegetables from local producers. He used some very strong language in making his proposal. “NAFTA be darned,” he said during the legislature’s resources committee meeting. “If we bring in legislation to move our buy local (campaign) and future [...]

Recession will solve Canada’s doctor shortage

February 17th, 2009 | 1 Comment

From our “Every cloud has a silver lining” department: MD Retirements Stalled Doctor shortage (and early retirement) over thanks to the stock market [...] According to Manfred Purtzki, a Vancouver financial adviser, the average physician-held portfolio has shrunk by approximately 30% in thelast year. The Medical Post has heard from many doctors, particularly those nearing [...]

African economist: Foreign aid is Dead Aid

February 3rd, 2009 | 3 Comments

In her new controversial book Dead Aid, Dambisa Moyo argues that, so far from helping Africa, foreign aid has impeded economic growth and made poor countries even poorer.  She notes that Asian economies have flourished with little foreign aid, while Africa has stagnated despite billions from Western governments.  Aid, she argues, is the problem. Dambisa [...]

Universal health care brings forth lifestyle police

February 3rd, 2009 | 1 Comment

The Japanese government maintains that, because it pays for citizens’ health care, it must monitor everyone’s diet and lifestyle and correct those who may impose “excessive” costs on the system. Imagine a country where the government regularly checks the waistlines of citizens over age 40. Anyone deemed too fat would be required to undergo diet [...]

Is profit a human right?

January 28th, 2009 | 1 Comment

Political “progressives” may want to re-think their beloved post-modern notion of “human rights”. Several British companies are invoking human rights to claim they were unfairly deprived of profits and competitive advantage. I may have said that the precious quality at the heart of human rights principles is that they apply equally to everyone. But when [...]

Canada Revenue Agency wants your propaganda videos

January 27th, 2009 | 2 Comments

Everyone’s favourite branch of the federal government, Canada Revenue Agency, has uploaded to YouTube videos in both official languages advertising their video production contest. That’s right: The CRA brains trust has made videos asking Canadians to make videos about the badness of the underground economy and how it threatens our way of government life. People [...]

That’s all the more for the rest of us

January 27th, 2009 | Comments Off

Two million fewer pints of beer sold every day as pubs suffer in recession — London Telegraph, 27 Jan.

Jim Flaherty puts in an appearance

January 23rd, 2009 | Comments Off

Government economic policy in general and the upcoming federal budget in particular have the subject of extremely negative expert commentary lately and, as if in response, Finance Minister Jim Flaherty (at left) has contributed a column to today’s National Post. Maybe he hoped to counter penetrating criticism from business columnists and economists. If so, he [...]

Consumption is patriotic

January 22nd, 2009 | Comments Off

Officials in one of the world’s largest countries are telling citizens to shop-till-you-drop for the good of the nation. Buying personal big-ticket items is patriotic. Which country could that be? It’s the world’s largest country: China. From a report in the Shanghai Daily: “Buy an apartment, and you are patriotic,” says a local Chinese official [...]

Government economic policy: Throw money

January 22nd, 2009 | 1 Comment

Several business columnists and economists suggest that economic policy makers in Canada, the US, and elsewhere don’t know what they’re doing.  First up, Terence Corcoran of the Financial Post: Timothy Geithner, President Obama’s nominee for Treasury Secretary, said yesterday that the Obama administration will unleash a “comprehensive plan” to respond to the economic and financial [...]

Will Barack Obama be America’s Tony Blair?

January 21st, 2009 | 4 Comments

London Telegraph reporter Gerald Warner has a very bad feeling about the presidency of Barack Obama. Brits, of all people, should know better than to be enthralled by Mr Obama. They’ve been there. This will end in tears. The Obama hysteria is not merely embarrassing to witness, it is itself contributory to the scale of [...]