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Commentary and Blog Posts | ||||||||
Ford government’s budget update overly optimistic and likely ineffective(Appeared in National Newswatch) by Jason Clemens, Niels Veldhuis, and Milagros PalaciosOntario announced no measures to tackle the underlying problems in the province’s electricity market that cause higher prices. Crises—an ideal time for the state to grab power(Appeared in the National Post) by Bruce PardyIn response to the COVID crisis, Parliament granted sweeping powers to the finance minister. Modern Monetary Theory, Part 2: Will MMT hold down taxes?by Steven GlobermanDefault risk and exchange-rate risk increase for foreign lenders as they increase their holdings of any government’s debt. Queen’s Park postponing property tax reform today could hurt businesses tomorrowby Josef FilipowiczBusinesses large and small face disproportionate property tax rates for the foreseeable future. Employers must be allowed to temporarily lay off workers during COVID crisis(Appeared in National Newswatch) by Alex Whalen and Niels VeldhuisHigh regulatory and severance costs alongside legislative uncertainty will exacerbate an already bad situation. Alberta deficit likely far worse than expectedby Steve LafleurChronic deficits through good times and bad have led to a roughly $70 billion erosion of the province’s financial assets. Newfoundland and Labrador faces fiscal crisis, other provinces should take noteby Ben Eisen and Alex WhalenAlberta’s per-person government debt has eclipsed $10,000 this year. |
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