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This year’s Alternative Federal Budget (AFB) was released on March 9. I was proud to be the primary author of its housing chapter (that chapter is available in English here and in French here). The first AFB exercise began in 1994, with the first AFB being published in 1995. That involved a joint effort between […]
Posted by Nick Falvo under aboriginal peoples, Alberta, Austerity, Bank of Canada, banks, BC, budgets, debt, deficits, democracy, economic crisis, economic growth, economic history, economic literacy, economic models, economic thought, employment, federal budget, feminist economics, fiscal policy, gender critique, housing, income distribution, income tax, Indigenous people, inequality, inflation, interest rates, labour market, macroeconomics, Manitoba, monetary policy, NDP, NEO-LIBERAL POLICIES, Nova Scotia, Ontario, party politics, poverty, progressive economic strategies, public infrastructure, public services, Quebec, Role of government, Saskatchewan, social policy, stimulus, taxation, unemployment, women.
March 20th, 2017
Over at the web site of the Calgary Homeless Foundation, I’m co-author of a blog post titled “Poverty Reduction in Alberta.” Points raised in the blog post include the following: -The NDP government of Premier Rachel Notley has undertaken important poverty-reduction initiatives since forming a government in 2015. -Alberta (relative to other provinces) has a […]
Posted by Nick Falvo under aboriginal peoples, Alberta, child benefits, Child Care, corporate income tax, debt, early learning, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, minimum wage, NDP, poverty, social policy, taxation, women, working time.
February 17th, 2017
A guest blog post from Mario Seccareccia, Professor of Economics, University of Ottawa The NDP went through a roller coaster ride in 2015. It would seem that the party still hasn’t fully recovered from the outcome of that election, and it will probably remain so until it elects a new leader and gets its “policy […]
A good parental leave system makes children more affordable, and improves gender equity in the labour force and at home. In Quebec, parental leave innovations include time reserved solely for the father, higher replacement rates, and flexibility. This has dramatically increased the number of fathers taking parental leaves, which in turn has a long-term impact […]
A version of this originally appeared in rabble. Conservative ads have focused on the NDPâ€™s fiscal and economic record, claiming that the â€œNDP Canâ€™t Manage Moneyâ€. These include another round of staged interviews with people who repeat â€œthe NDP canâ€™t manage moneyâ€, â€œthe cost of their plans is hugeâ€, that â€œbusiness will be under attackâ€, […]
Louis-Philippe Rochon Associate Professor, Laurentian University Co-editor, Review of Keynesian Economics Follow him on Twitter @Lprochon First, it was his enthusiastic support and admiration of Margaret Thatcher; now it is his overzealous support of balanced budgets. Whatâ€™s next? What is Mr. Mulcair ready to do to get the keys to 24 Sussex? How close […]
Louis-Philippe Rochon Associate professor of Economics – Laurentian University Founding co-Editor – Review of Keynesian Economics Follow him on Twitter – @Lprochon This story from the CBC on August 14, 2015.Â See story here. With the NDP riding high in a number of national polls at the moment, there is an increasingly real possibility […]
There are many motivations to explain the Harper government’s rush to sign free trade deals.Â Since coming to power, the Conservatives have implemented 6 FTAs, have “concluded” 2 moreÂ (with Korea and, purportedly, with the EU), and have fully 14 other FTA negotiations on the go.
Earlier today, over at the Northern Public Affairs web site, I blogged about a recent (and controversial) decision made by the Yukon government about affordable housing in the Yukon. Â Points raised in the blog post include the following: -Very little affordable housing gets built in Canada without federal assistance. -Without financial assistance from senior levels […]
Posted by Nick Falvo under aboriginal peoples, Canada's North, Conservative government, fiscal federalism, housing, Indigenous people, NDP, party politics, poverty, Role of government, social policy, Yukon.
July 15th, 2014
I can’t remember the last time I laughed out loud when I saw election results. I almost spat a mouthful of my breakfast across the room. Almost nobody expected Ontario’s Liberals to win a majority, least of all the NDP’s Andrea Horwath. Her decision to pull the plug on the Wynne government has to go […]
You have to wonder what Andrea Horwath was thinking. By bringing down the Ontario government a week ago and launching an election as a result, the NDP risks opening the door for the provincial Tories reclaiming power. Which would be a disaster for working people across the province, let alone the social fabric of our […]
Tony Blair, by any sensible yardstick, is a douchebag. Recently, The Guardian, under the headline â€œToxicâ€, detailed Blairâ€™s â€œdownward spiralâ€. This included the revelation that he may have been having an affair with Wendi Murdoch, the now ex-wife of media mogul Rupert Murdoch. Blair was once good pals with Murdoch and Wendi and is godparent […]
Jim Stanford recently pointed out that many of the conservative economists who had defended the overvalued loonie have quickly shifted to applauding its depreciation. The Government of Saskatchewan may be making a similar conversion on the road to Damascus. When federal NDP leader Tom Mulcair expressed concern about Dutch disease, premier Brad Wall denied that […]
Almost a year ago, Paul Krugman wrote a blog post entitled â€œInaction is the Greatest Risk.â€ He was addressing American monetary policy, but the same theme applies to Saskatchewan politics. Much as Krugman warned readers upfront that his post was â€œwonkish,â€ Iâ€™ll admit that the following is â€œhackish.â€ For several months, Saskatchewan Premier Brad Wall […]
I have the following opinion piece in the latest (September 2013) edition of The Commonwealth, accompanied by this disclaimer: â€œThe views expressed in this article do not necessarily represent the official position of the Saskatchewan NDP.â€ Comparing the NDP and Sask. Party Employment Records Right-wing politicians often win elections by presenting themselves as good economic […]
Forty economists, including many Progressive Economics Forum members, have signed the following statement (PDF version): We write to endorse Linda McQuaigâ€™s candidacy for the upcoming federal by-election in Toronto Centre. Linda has deep roots in Toronto Centre, having been born in the riding and lived in it for many years. She is also well-known across […]
Washington Post blogger Ezra Klein has interviewed the presumptive Liberal candidate in Toronto Centre, Chrystia Freeland, who declares, â€œIâ€™m a capitalist red in tooth and claw.â€ To his credit, Klein asks her a couple of times for policy specifics. She concludes the interview by saying: My job right now is to win the right to […]
Tom Mulcairâ€™s recently reiterated unwillingness to raise personal tax rates puts the spotlight on corporate taxes. But how much revenue is at stake? Three and a half years ago, I posted a fiscal breakdown of Harperâ€™s corporate tax cuts and how much revenue could be retained by stopping or reversing them. These figures, based on […]
A recent online article suggests that Federal NDP Leader Thomas Mulcair is opposed to increasing federal tax rates. I find this quite surprising. According to the August 8 article: Mulcair seemed surprised when he was asked if taxes would go up under an NDP government. â€œYouâ€™re the first person whoâ€™s ever asked me that,â€ he […]
Posted by Nick Falvo under Conservative government, corporate income tax, economic literacy, fiscal policy, income tax, NDP, party politics, progressive economic strategies, social democracy, taxation.
August 9th, 2013
Following last weekâ€™s troubling news about potash, the Saskatchewan government released its first-quarter financial report today. The headline seems to be â€œOil Keeps Budget in Blackâ€, with a forecast increase in oil revenue more than offsetting a forecast decline in potash and other revenues. But the forecast West Texas Intermediate price is only up by […]
For the â€œYou Read It Here Firstâ€ file, I wrote on Friday: Toronto Centre needs a candidate with a track record of advancing more substantive and more progressive positions on economic issues. Specifically, the NDP should nominate someone who can take on Freeland regarding inequality and what to do about it. Today, Linda McQuaig announced […]
Chrystia Freeland, The Globe and Mailâ€™s candidate in Toronto Centre, recently wrote a book about inequality (which I have not yet read) and is supposed to â€œbring fresh thinking to the Liberal Partyâ€™s economic team.â€ She has already attracted a few jabs from right-wingers Terence Corcoran and William Watson. But is she progressive? The Globe […]
Leader of the Opposition Tom Mulcair gave a fine speech on the Budget Bill on October 24 which can be found in its entirety in Hansard. I have posted some extracts of interest to progressive economists below. They echo many of the arguments made on this blog “What is more, the Conservatives are creating an […]
Last week, Conservative MP Randy Hoback had another letter in The Prince Albert Daily Herald blaming the NDP for the pulp-mill closure in 2006. He still has not addressed my main point about resource royalties. I have the following response on page 4 of todayâ€™s Herald: Pulp mill saga proves Mulcairâ€™s point Notwithstanding MP Randy […]
I have the following letter in todayâ€™s Prince Albert Daily Herald (page 4): Reinvest Resource Wealth in Saskatchewan To the editor: I strongly agree with the title of MP Randy Hobackâ€™s letter: â€œSiphoning money out of the west is wrongâ€ (June 9). My proposal is to keep more money in Saskatchewan by collecting more provincial […]
Resources(\”staples\”) trap is Canadian Disease
I’ve worked closely with Erin for years, being struck by his combination of talent & passion right from the time he entered the PEF’s student essay contest (which he won for the first time exactly a decade ago, awarded at the CEA 2002 meetings in Calgary). Thirty-six other economists and I think heâ€™d make a […]
Prince Albert MP Randy Hoback began last weekâ€™s inquisition by objecting to my recent op-ed in The Saskatoon StarPheonix on the â€œDutch diseaseâ€ debate between Saskatchewan Premier Brad Wall and federal NDP leader Tom Mulcair. He then interrupted to question my NDP affiliation. As indicated in todayâ€™s Prince Albert Daily Herald (page A4), I would […]
Saskatchewan conservatives are getting cranky. At last nightâ€™s Finance Committee meeting on the omnibus bill, MP Randy Hoback exposed me as being a New Democrat who writes â€œgarbageâ€ (as this blogâ€™s readers already know). Full video of the meeting is available here, with my presentation starting two hours in. UPDATE (June 1): Hobackâ€™s attack has […]
Last week, I had the following letter in The Globe and Mail: Oil sands royalties The Canadian Association of Petroleum Producersâ€™ most recent Statistical Handbook indicates that, in 2010, this industry sold $101-billion of oil and gas but paid only $12-billion in resource royalties. Even Senator Pamela Wallinâ€™s higher figure of $22-billion (Oil Sandsâ€™ Benefits […]