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1. New workplace practises hinge on increased productivity

   Labour productivity grew at a relatively slow 0.88 per cent average annual rate from 2016 to 2019. ...

2. National economy relies heavily on Toronto and Vancouver housing markets

   A recent Fraser Institute study showed that over the past decade, economic growth in British Columbia has heavily relied on the residential housing boom in the Lower Mainland. B.C.’s growth has been highly leveraged directly to housing ...

3. Modern Monetary Theory, Part 4: MMT and quantitative easing

   Participants on both sides of the Modern Monetary Theory (MMT) debate acknowledge that there’s no “free lunch” when a country’s central bank buys government debt directly and charges no interest on the debt. As explained in previous blog ...

4. U.S. COVID experience highlights risks of centralized management of health care

   While it will take a long time to assess and learn lessons from the COVID pandemic crisis, the U.S. experience will be worthy of particular study. As of May 1, the United States accounted for about one-third of the world’s confirmed ...

5. Canada does not need a modern ‘Marshall Plan’ after COVID

   In the coming months, the federal government will receive numerous suggestions for how to kickstart the economy after the COVID crisis passes. One such suggestion from Jim Stanford, former chief economist for the Canadian Auto Workers ...

6. Modern Monetary Theory, Part 3: MMT and inflation

   A basic premise of Modern Monetary Theory (MMT) is that a country that enjoys sovereign control over its money supply is effectively unconstrained by capital markets in the amount of borrowing the government can do to finance public ...

7. Alberta should fund AER through general tax revenue

   Due to COVD-19 and the massive decline in economic activity worldwide, global oil demand has dropped dramatically. According to Russell Hardy, CEO of Vitol Group (the world’s largest independent oil trader), global crude demand will be ...

8. Modern Monetary Theory, Part 2: Will MMT hold down taxes?

   As government expenditures associated with the COVID-19 crisis continue to mount, and as government tax revenues decline along with economic activity, so does the government’s fiscal deficit increase. Less well-recognized, however, is ...

9. Modern Monetary Theory, Part 1: What is it and why is it gaining currency in these volatile times?

   Providing income support to workers and businesses involves large increases in government expenditures. ...

10. Other universal health-care countries allow private health insurance—and have shorter wait times

    A new study by the Fraser Institute details how Canada is one of the only high-income countries in the world that does not embrace private insurers for medically necessary care. Importantly, each of the 16 countries examined share Canada ...