Is the national debt not a problem because “we owe it to ourselves”? It would be nice to think so, but the reality is different. Not only do Canadians hold a lot of debt, it is growing at a feverish pitch.
Ever since a minor spreadsheet error was discovered in a 2010 study evidencing the plainly obvious fact that increased debt loads hinder economic growth, pundits from the left have been gleefully jumping over this molehill pretending it’s a mountain. Apparently
Reprinted from GoldMoney Many of us are aware of Professor Laurence Kotlikoff of Boston University’s calculation that the net present value of the US Government’s future liabilities rose by $11 trillion in fiscal 2012 to $222 trillion. These are principally
Reprinted from GoldMoney Many of us are aware of Professor Laurence Kotlikoff of Boston Universityâ€™s calculation that the net present value of the US Governmentâ€™s future liabilities rose by $11 trillion in fiscal 2012 to $222 trillion. These are principally
In its never-ending struggle with responsibility and logic, the U.S. government will soon breach its statutory debt limit. Departing Treasury Secretary Timothy Geithner has warned President Obama that by the end of February, Congress will have to take action or
Back in April, I reviewed a document called the â€œFinancial System Reviewâ€, published semi-annually by the Bank of Canada.Â Due to the dire warnings contained therein, I thought it necessary to produce a more user-friendly summary of the information the
(republished from “A View from the Trenches“, September 2nd, 2012) Click here to read this article in pdf format:Â September 2 2012 Over the past months (and particularly in the last weeks), we have increasingly read negative comments on the ongoing
Finance Minister Jim Flaherty recently urged European finance leaders to get their fiscal houses in order. A lack of fiscal constraint in Europe is breeding problems in far-off places. Canada in particular is apparently exposed to Europeâ€™s debt crisis, if