Monthly Archives: March 2015
Tax Policy for Canadians with Disabilities: A Reading List
The amount of research on tax policy for Canadians with disabilities is fairly limited. Moreover, a number of key publications (such as the 2004 Brown and Torjman report) are hard to find. Thus, for my own convenience, and that of other researchers, I have created a reading list. Publications on this list are divided into […]
How much of a deficit will in fact be money-financed?
I want to do some very back-of-the-envelope calculations. (I will probably get the arithmetic wrong.) A bond-financed deficit is where the government prints bonds to finance a deficit. A money-financed deficit is where the government (or the central bank it owns) prints money to finance the deficit. They are different for two reasons: 1. Money […]
“Involuntary” unemployment as worsening trade-off
This is what I think an increase in "involuntary" unemployment looks like:
A Very Brief History of Demand and Supply
I’m teaching History of Economic Thought again this year and during my progression through the material this term what has struck me is the very long road over time –literally hundreds of years – to understanding markets and value as the simultaneous interaction both supply and demand side factors culminating in the standard diagram of […]
The Land Theory of Value
Last night I spoke with my Dutch ancestor again. Nick van Rowe told me about the Land Theory of Value, which began with the French, but was perfected by the Dutch. This is what he told me: Science has proved that land existed prior to both labour and capital. The Universe existed billions of years […]
A silly question for anti-austerians
Let's make up some silly numbers. Suppose the national debt was, let's say, 1,000% (ten times) annual GDP. And suppose the budget deficit was, let's say, 50% of GDP. And suppose your economy hit the Zero Lower Bound, and suppose you thought that your own central bank's monetary policy could do no more to increase […]
Worthwhile Canadian Initiative 
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