Monthly Archives: May 2015

Ontario and Its Neighbours

I suppose I have become somewhat obsessed with Ontario’s economy and its performance but here I go again with a few comparisons. Ontario is strategically located on the Great Lakes-St. Lawrence waterway adjacent to the huge population of the US northeast.  Its neighbours are trade partners and markets as well as economic competitors.  How does […]

Why can’t central banks monetise something else?

Other than government bonds? That's a rhetorical question. They can. David Andolfatto has gone over to the Dark Side, and all the lefty keynesians are celebrating their new convert to Big Government Deficits. (Tongue in cheek warning.) Not so fast. David imagines a world where the demand for (central bank money + government debt) is […]