• A carbon tax is bad for Alberta

    Yesterday, Alberta Premier Rachel Notley asserted that Canada was “absolutely” closer to a new pipeline due to...

  • A proper rejoinder to an empty threat

    From yesterday’s Open Europe news summary: French Economy Minister: UK “won’t be in a position to negotiate something better” after Brexit French Economy Minister Emmanuel Macron told an audience in London yesterday, “After a Brexit vote, you are not in a position to negotiate something better…Leave the club and you will be...

  • An Open Letter to Sylvain Levesque of Bombardier

    This morning I received a copy of an opinion letter titled “A Debate about Government Investment? Absolutely....

  • Rose Wilder Lane on the debt

    On the weekend, I read a short biography of Rose Wilder Lane. Reflecting on her childhood, Lane...

  • German and Dutch objections to ECB QE are ignored

    From today’s Open Europe news summary: ECB Minutes show deep divisions over stimulus measures Minutes of the March meeting of the ECB governing council, released on yesterday reveal deep divisions amongst its members over the latest round of ECB stimulus. The Dutch and German members were fiercely against, The Financial Times reports,...

  • My letter to the Philadelphia Inquirer re: The consumer always pays

    Dear Sirs: I have been following your reporting of Mayor Kenney’s proposed tax on sugary drinks. Please keep one thing in mind–consumers pay every tax; corporations merely collect it. Coca Cola and Pepsi must pass on the cost of any tax to the consumer or go out of business. Do not be confused with supposed “research”...

  • Do what I say or I’ll shoot myself

    From today’s Open Europe news summary: Spain warns of consequences for Gibraltar if Britain votes for Brexit The Times reports that Spain may end its agreements with Gibraltar, and could even close the border if Britain votes to leave the EU. A Spanish official told the paper that “We do not see Britain...

  • Part 2 of my interview re: The end of dollar hegemony

    Part 2. Thirty minutes. Pat Barron Show notes page: http://www.wakeupcallpodcast.com/dollar-hegemony-2/ iTunes link: https://itunes.apple.com/us/podcast/wake-up-call-podcast-foreign/id1089024518?mt=2&ls=1 In case you missed it, here is Part 1, also thirty minutes. Pat Barron Show notes page: http://www.wakeupcallpodcast.com/dollar-hegemony/ iTunes link: https://itunes.apple.com/us/podcast/wake-up-call-podcast-foreign/id1089024518?mt=2&ls=1

  • Remember the people involved

    When I was in University, I vividly remember one of my economics professors telling students to always...

  • The history, meaning, and probable end of “dollar hegemony”

    This thirty minute interview is part one of a two part series. Part two will be released next week. In this interview I explain how the dollar became the world’s leading reserve currency, what it means to be a reserve currency, how the US has benefited financially from this arrangement, and how delinking the dollar...

  • My letter to the Financial Times of London re: The fallacy underlying the cause of Irish bank failures

    Re: Anglo Irish Bank executive appears in court after US extradition Dear Sirs: The failure of Anglo Irish Bank–whatever the reason–did not cause the collapse of other financial institutions. Mr. Boland’s article leads one to view banks as dominoes in which one collapse necessarily leads to the collapse of all, but such is not the...

  • Economics in one cheque

    On December 1, 2005, Bill 43 “Alberta Resource Rebate Statutes Amendment Act” received Royal Assent in the...

  • The simple connection between free trade, open borders, and integration

    Not all those who support the free movement of capital across borders support the free movement of...

  • ECB to stimulate Europe by taking its citizens’ money

    From today’s Open Europe news summary: Further ECB stimulus expected to aid flagging Eurozone economy The European Central Bank is widely expected to announce further stimulus measures to aid the struggling Eurozone economy as it meets in Frankfurt today. Most analysts expected the deposit rate to be cut further into negative territory...

  • L’exercice d’un monopole sauvage : Le cas du sirop d’érable

    Au cours des dernières années, la part mondiale de la production québécoise de sirop d’érable a glissé...

  • Government still isn’t creating jobs

    On Tuesday Premier Rachel Notley, in the Speech from the Throne laid out her government’s plan to...

  • It’s Official: Canada Has Sold All Of Its Gold Reserves

    Republished from ZEROHEDGE One month ago, when looking at the latest Canadian official international reserves, we noticed...

  • My letter to the Philadelphia Inquirer re: mayor wants to impose soda tax

    (Philadelphia’s mayor wants to impose a three cent PER OUNCE! tax on sodas.) Re: Mayor Kenney: Soda tax would fund $400 million in projects Dear Sir: Philadelphia Mayor Kenney joins the too-long list of economically ignorant politicians. One begins to wonder whether ignorance of basic economics is a prerequisite for running for...

  • Former Bank of England Governor Says Eurozone Must Break Up

    From today’s Open Europe news summary: Former Bank of England Governor warns Eurozone must break up if some members are ever to prosper again In his new book, former Governor of the Bank of England Lord Mervyn King warns, “Put bluntly, monetary union has created a conflict between a centralised elite on...

  • The problem with a carbon tax in Canada

    Last week, Environment Minister Catherine McKenna indicated the federal government has not yet determined the national minimum...