alberta government

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As Albertans ponder Premier Alison Redford’s first budget, they would be wise to ignore Finance Minister Ron Liepert’s assurance that Albertans can “[take] comfort in our fiscal situation.” A closer look at the budget reveals a dearth of prudence and no credible plan to return Alberta to a balanced budget position.

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In his 1996 book, Against the Gods-—The Remarkable Story of Risk, Peter Bernstein offers a reason why the ancient Greeks never progressed in mathematical understanding. It was, he observes, due to a lack of interest in testing their theories against the actual world. That process would have refined their ideas, given them testable hypotheses, and allowed them to properly link cause and effect.