Is the cure worse than the disease?

Richard Milne, the Nordic and Baltic Correspondent for the Financial Times, reports that "Jacob Wallenberg ... [the Swedish industrialist, whose family investment vehicle has controlling stakes in companies from telecoms equipment maker Ericsson to one of Europe's premier corporate banks] ... warned governments to weigh the economic threat from coronavirus more heavily or risk depression, social … Continue reading Is the cure worse than the disease?

How to face a ‘Greater Depression:’ with a government of national unity.

Dr Nouriel Roubini is a world-famous economist. He is Professor of Economics at New York University's Stern School of Business and Chairman of Roubini Macro Associates. He was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US … Continue reading How to face a ‘Greater Depression:’ with a government of national unity.

So, here we are …

... not even ten days into the 2020s. A century ago the "roaring '20s" dawned with the realization that the Treaty Of Versailles (28 June 1919) was so deeply flawed that Henry Cabot Lodge, a great and astute American statesman, who had advocated for American participation, on the allied side, in the First World War … Continue reading So, here we are …

Not so fast … Paul Wells is wrong

I see in the most recent Maclean's magazine that Paul Wells is as conflicted as many of us. He explains that Justin Trudeau has no sane plan to manage Canada's economy but he also says that Andrew Scheer is ignoring climate change.  He concludes that "It would be nice to have a government that takes … Continue reading Not so fast … Paul Wells is wrong

A tale of two graphs

So, Adam Vaughan, a Liberal MP from Toronto, posted this on social media: It's petty standard Liberal fare and I'll bet that more than half, more likely ⅔ or even ¾ of Canadians believe it. In response, Richard Groves, who is an accountant from Kelowna BC, posted this: The GFC to which Mr Groves refers … Continue reading A tale of two graphs

A liberal manifesto

The Economist, which is one of my favourite newspapers, is celebrating 175 years of publication; it does so, in part, with a 'lead' in the 15 September issue, headlined: "A manifesto for renewing liberalism." Now, regular readers will know that the rather sorry state of classical Anglo-American liberalism, which I regard as central to the … Continue reading A liberal manifesto

Defence, again ~ Senate reports, 2% and capabilities

Tony Battista, the CEO of the Conference of Defence Associations, a pro-defence lobby group and Charles Davies, who is a fellow with the CDA Institute, have written an article in the Toronto Sun that deals with two Senate reports about which I have commented: Military Underfunded: The Walk Must Match the Talk; and Reinvesting in … Continue reading Defence, again ~ Senate reports, 2% and capabilities