Rick Santelli goes on a classic rant: He clearly points out that the US Government must start to live within the revenue it has, and not just reduce the growth in government spending, but actually reduce spending and come up with a real plan to balance the budget. The other folks in that vi deo …
Category Archive: Economics
Jun
19
Could be about Canadian Health care
Small Dead Animals points us to an excellent column in the Telegraph, which points out that we need honesty and hard decisions on the health care system – and that while right leaning politicians know the right answer, they are too afraid to speak to us like adults. I raised this during the 2011 federal …
Jun
16
A Lesson for Canada’s Dairy Industry
And for the Government of Canada. The Economist, in the Monday 20 June 2011 print edition, has an article on the success of New Zealand’s agricultural exports. Some 25 years ago, the NZ government, in a spate of government cuts, dismantled the supply management system that had coddled various agricultural businesses for decades. The result? …
Jun
16
IPCC fiction, again
Steve McIntyre has again identified that the UN IPCC is making things up, and publishing them as “facts” when there is no supporting evidence whatsoever. Further, he points out that this claim: Close to 80 percent of the world‘s energy supply could be met by renewables by mid-century if backed by the right enabling public …
Jun
15
The failure to explain Capitalism
I have noticed in recent years that some new graduates of university do not understand capitalism. A recent posting by John Westover, entitled The Forgotten Member of the Triple Bottom Line, brought these thoughts forward in my mind. John explains that our educational system has indoctrinated (my word, not his) our young people about the …
May
12
Rescind duties/taxes at the border
Matt Gurney has a good column in the National Post. But he fails to point out the most obvious reason to rescind these duties/and taxes. It costs more to enforce and collect them than it is worth to the state. CBSA collects a small sum, estimated by some to be less than $200 million dollars …
Apr
30
The Risk of an NDP government
The polls this week shifted dramatically this week, with the Liberals falling below 20% support and the NDP surging above 30% for the first time in history. The trajectory of the polls was indicating a possibility that the NDP would pass the Conservatives by Monday’s vote, but that appears unlikely as the key base of …
Apr
28
The problem with “Alternative Fuels”
I will admit that I am employed in a field that is heavily tied to the energy sector, which may bias me towards it, although I hope not as much as some might think. I am not against alternative energy sources. However, I am against massive government subsidies to force convert us, because the track …
Apr
24
Impressed by youth
In the Saturday National Post, I was intrigued by a column that talked about young people blogging about personal finance and providing advice to their peers. While I no longer qualify as a young person, I found these blogs (I actually checked them out) interesting and would point any young people to them. They do …
Apr
23
On Corporate Taxes
In the 2011 Election, the Liberals and NDP have tried to claim that the Tories drive to reduce corporate taxes is not necessary, and trot out socialist economists to claim that “lower corporate taxes do not create jobs”. It is interesting to see then that in other countries, there is concern over high corporate tax …