stimulus spending

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If history is any guide, COVID-19 will transform Canada in heretofore unknown ways
When the First World War began, there was no expectation that it would spawn an entirely new tax system.

9:28AM
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Stabilizing income vs. economic stimulus—what’s the difference?

Most people use extra one-time money from government to pay down debt or save.


10:49AM
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The best way to help Alberta’s economy is to enhance the province's competitiveness and attractiveness for investment and entrepreneurship.


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Ontario’s net debt has approximately doubled over the last decade and now stands at roughly $300 billion—or $21,000 per Ontarian.


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Ever since the last recession, Canadians have been informed by pundits and the political class that stimulus spending—perhaps better labelled as “binge” spending—was critical to Canada’s economic recovery.

But extra government spending had little to do with Canada’s exit out of the recession. The recession ended in mid-2009; it was only about then that federal and provincial governments started spending extra (borrowed) stimulus cash.


2:00AM
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Earlier this week, Finance Minister Jim Flaherty wrapped up his cross-country pre-budget consultation trip in search of recommendations for the upcoming federal budget. Most interest groups, economists, and activists are calling for massive increases in government spending to “stimulate” the economy– much of it directed at their own pet projects or industrial sectors.