This blog’s unofficial slogan has been “Tomorrow’s conventional wisdom, today.†After this week’s Conservative backpedaling on income splitting, we may need to change it to “Today’s conventional wisdom, seven years ago.†Or we could just stick with “You read it here first.†My first-ever blog post, Income Splitting Redux, argued that this tax policy “would benefit an affluent minority at the […]
Read moreFirst of all, today’s top Globe story on corporate income tax cuts not leading to increased investment is a nice example of “you heard it here first”, so a big pat on the back to Relentlessly Progressive Economics. As we like to say: tomorrow’s conventional wisdom, today. I want to take issue with Stephen Gordon’s response, an effort to torture […]
Read moreOne million. No, it’s not the number of posts that Armine has written about the census. (I count only 32.) A million is the number of times this blog has been viewed since Marc started it back in the summer of 2006. It has been an eventful few years in Canadian economics: the commodity “super cycle,†financial crisis, Great Recession, […]
Read moreOr would that be red? Anyway, our “left-leaning”, Keynesian thinking is quickly becoming the new centre. Fresh from endorsing PM Harper’s re-election, the Globe and Mail’s editorial page says: The scarred memories of $39-billion deficits are still fresh in the minds of many Canadians. We have been conditioned to demand that government stay out of deficit spending. Under all but […]
Read moreToday’s front page of the Globe and Mail business section calls out, Flaherty’s budget wiggle room shrinking.Which is indeed true, but what I find amusing is that I broke this story back in January. At the time, this was outside the consensus so many blew it off. But now that the mainstream has caught up, do I or any other […]
Read moreIt is worth filing under the “you heard it here first” heading that both the Globe and Mail and the Toronto Star have taken editorial positions similar to those proffered by Relentlessly Progressive Economics. That is, the Bank of Canada is raising interest rates because of what is happening in Alberta, and in doing so threatens to exacerbate difficulties in […]
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