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FRASER UPDATE
A weekly digest of our latest research, commentary, and blog posts
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Latest Research
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What would Chrétien’s budget rules have meant for Trudeau: Part 2
The Trudeau government has run five consecutive deficits since taking office in 2015 and is expected to have accumulated approximately $84.3 billion in federal debt—$713.2 billion total—by the end of 2019-20.
Read more [[link removed]]

Commentary and Blog Posts
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Trade deal will hurt—not help—COVID vaccine mission [[link removed]]
(Appeared in the Vancouver Province) by Kristina M.L. Acri, née Lybecker
The biopharmaceutical industry is uniquely prepared to combat COVID-19.

Ontario budget deficit likely larger than forecast [[link removed]] by Jason Clemens, Niels Veldhuis, and Milagros Palacios
The Ford government projected a deficit of $20.5 billion for 2020-21.

Understanding the differences between government and markets—Public Choice in action, Part 1 [[link removed]]
by Jason Clemens, Niels Veldhuis, Alex Whalen, and Tegan Hill
Prices are almost completely nonexistent for government-provided goods and services.

Why differences between government and markets matters today—Public Choice in action, Part 2 [[link removed]]
by Jason Clemens, Niels Veldhuis, Alex Whalen, and Tegan Hill
The lack of innovation in the government sector is rooted in the differences between the incentives and disciplines imposed by customers on the government and private sectors.

Modern Monetary Theory, Part 3: MMT and inflation [[link removed]]
by Steven Globerman
Divergences between expected inflation and actual inflation contribute to economic inefficiencies that harm economic growth.

COVID creating a backlog of cancelled elective surgeries in Canada [[link removed]]
by Bacchus Barua and Mackenzie Moir
Treatable conditions may turn into more permanent debilitating conditions.

Pandemics, social upheaval and government spending [[link removed]]
by Livio Di Matteo
Federal deficit estimates range from $100 billion to $200 billion for fiscal year 2020-21.

Chrétien’s fiscal prudence lessons for Prime Minister Trudeau [[link removed]] (Appeared in the Financial Post) by Jason Clemens, Jake Fuss, and Milagros Palacios
The federal debt going into this recession would have been $617.9 billion rather than the expected $713.2 billion.


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