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Using public credit to benefit everyone

Photo: pointsdevue/Flickr
We need enough people like the striking Quebec students ready to fight for a better future for all.

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New Brunswick has a fiscal mal de ventre

We've become regrettably disconnected from one another here in the Maritime provinces. For example, in Nova Scotia the only thing we seem to know about New Brunswick these days is that prices are cheaper over the border, causing embarrassment for the Nova Scotia government.

Gas stations and other businesses are wobbling and closing in the Amherst area because people are flocking to New Brunswick to gas up and buy stuff. Business people complain, with the accusation that Nova Scotia's taxes are too high.


Private sector is not helping economic recovery

Tepid GDP numbers released Tuesday by Statistics Canada confirm that Canada's economic recovery, such as it was, is sliding completely into the ditch. We're clearly heading for stagnation at best, and quite possibly another "double dip" downturn.

The headline number was disappointing, to say the least. Real GDP grew only 2 per cent (annualized) in the spring quarter. That's just a hair faster than the U.S. economy (which everyone knows is still deeply in the soup). Two per cent doesn't keep up with population and productivity -- implying higher unemployment ahead, not lower. Typically, at this stage of recovery, the economy should be growing three times faster.


Financial priorities need to change for G8/G20

The world economy is mis-functioning. The whole world is sending money to the richest country, the U.S., to feed its consumption habits. While Germany, Japan, China, and the oil exporters are in a surplus position, the rest of the world is in deficit. This is a serious problem because, unlike the U.S., other deficit countries cannot settle their accounts by printing their own money.

Photo: BC Gov Photos/flickr
| July 23, 2014
Photo: BC Gov Photos/flickr
| July 18, 2014
| July 9, 2014
Jim Prentice
| May 24, 2014

Creditocracy and the Case for Debt Refusal

May 23, 2014
| We live in a society where the majority of people are up to neck in debt. And contrary to what we are told, the big banks want to keep it that way, according to Andrew Ross.
Length: 17:42 minutes (16.22 MB)
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