crony capitalism

9:44AM
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Why is economic freedom important? Is it intrinsically valuable or is it valuable because of the outcomes it produces?

3:01AM
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Prime Minister Trudeau and several cabinet ministers recently pitched some big pension and hedge funds on the benefits of investing in Canada.

8:25AM
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Ontario had to write-off $1 billion of taxpayer money from the General Motors/Chrysler bailout.

9:10AM
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Don't blame Smith or Friedman for the crimes and cronyism of others.

2:04PM
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When people believe profit comes from cronyism, economic progress is threatened.

4:01PM
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Imagine a nation, whose richest woman, with billions stashed away, is the daughter of the former president, whose family owns 17 country estates in his birth state.

2:00AM
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In his 1946 essay, Politics and the English Language, George Orwell argued that, “political speech and writing are largely the defence of the indefensible.” Orwell’s quip came to mind again recently after reading Bombardier’s defence of taxpayer subsidies to business, this in response to my recent study on the matter.