Monthly Archives: August 2019
On not “running out of ammo”: Monetary Policy as Farmland Price Policy
Imagine a central bank that pegs the price of farmland. It announces it will buy or sell unlimited amounts of farmland for $10,000 per hectare. So "one dollar" doesn't mean some number of ounces of gold; it means "one square meter of farmland". So the central bank owns farmland, which it rents out to farmers […]
What killed real wage growth?
This is the Project Link chart that most startles me: What killed the growth in real wages in the early 1970s? I've been trying to come up with an answer to this question, and I think I have one. I'm not entirely sure that it's the correct answer, but I think it's a plausible conjecture.
Project Link update
It's past time for my annual update for Project Link, my attempt to piece together the fragments of Statistics Canada's published data into coherent time series.
Worthwhile Canadian Initiative 
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