mfother.bsky.social
CEO of employee-owned BCorp.
Arm chair economist, lover of live music, basketball fan, care about people and planet.
169 posts
561 followers
529 following
Regular Contributor
Active Commenter
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As a Canadian I’m not flying to the US anytime soon but no one should be flying anywhere near DC. How many close calls and crashes is this now?
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You’re one of my favourite economists btw. I guess I see gov’t $ differently. If we see gov’t spending as constrained by bond sales then it fuels the need for supply side policies. Victory bonds were an incentive to save and ensured $ went to war effort and didn’t spike demand in other industries.
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Nicely written takedown.
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I enjoyed this thanks. It’s a shame that Biden’s industrial policy is getting tossed as it was really good and would have accomplished what Trump claims to want in reindustrializing middle America without all the pain.
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The Canadian infrastructure bank and social impact bonds are weak attempt at solving a problem that doesn’t exist - a scarcity of gov’t dollars. As Keynes said, we can afford anything we can actually do.
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The fact that the bank of Canada buys its own bonds tells you that selling in the first place is not a necessity but rather a policy choice. It’s more to pull extra dollars out of the economy that would otherwise circulate leading to possible inflation.
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The gov’t can simply spend dollars into creation and doesn’t need our money. Whoever receives those dollars uses them like every other $. The growth is a separate issue but comes in part from the interest on the bond which is a policy choice and effectively a no-risk transfer to the recipient.
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Why does a country that creates its own dollars need to pay citizens interest to borrow theirs?
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He’s casting out all his factory workers as we speak. Who is going to work in these factories? Who will want to?
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All we needed was a leader familiar with popular movies and we’d be better off!
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Political rallies are a huge waste of time in identifying new voters. Good at feeding the ego of those on stage but not a great campaign strategy.
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Thanks for brining the receipts. Memories are selective and short.
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History will look kindly upon you.
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Good luck!
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She may have to focus on governing!
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Fair enough but he was certainly a neoliberal in the vein of thatcher/reagan. Now where in their playbook do they have “create state owned enterprise to fix social problem”.
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Or does she think that this is going to push those on the fence to back Poillievre to avoid said separation crisis? I hope she doesn’t think people are that naive.
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He’s proposing a job garauntee essentially. Not the libertarian playbook at all. He has to say this because of the media pundits who will jump all over it. I’m on LinkedIn and everyone is bringing out the trickle down talking points - gov bad, market good.
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Found it: youtu.be/P6rO3TGDAHs?...
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I vaguely remember this being on a tv commercial when I was young. Beautiful rendition Ron.
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Isn’t the US buddy/buddy with Russia now? How many Chinese vessels are in the North Atlantic? Wouldn’t Alaska serve asset to keep an eye on things?
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Pierre has hung out with a lot questionable people. Brought coffee to many of them in fact. Does he really want to play this game?
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After reading Hayek’s ‘A Road to Serfdom’ no less.
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Seems par for the course.
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We’re not dumb. Trump’s handlers got him to redirect but it won’t work.
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You’re right again Charlie. Trump couldn’t even get his lies straight. Telling us we’re the nastiest to deal with when he’s only dealt with Liberal Ministers and then saying that the Liberals are easier. Sure.
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He said we were so nasty when he’s only dealt with Liberal Ministers and then says he’d rather deal with the Liberals. Not sure who he’s fooling.
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The fact he says we are the nastiest to deal with, and he’s only ever dealt with Liberal Ministers, and yet Liberals would be easier to deal with? Make sense? Didn’t think so.
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One of my favourite songs by my favourite band.
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Nice
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I’m visiting this summer and exited to check out the latest place making efforts. I really liked what they did with Rue Wellington a few years back.
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You’re on a roll.
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I was about to hit like then realized that wasn’t appropriate.