Is Canada’s Economy Facing a “Productivity” Crisis? with D.T. Cochrane
“This is serving the interests of the capitalists who have been the beneficiaries of the gains in productivity without the gains in worker purchasing power.”
Bank of Canada
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Housing and the Contradictions of Conventional Economics
Ordinary Canadians will certainly feel the heat from the price of housing when monetary policy adds fuel to the fire while their pay cheques freeze.
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Is inflation a threat?
We can hardly tackle obscene and rising levels of economic inequality if we are not prepared to see a sustained rise in wages at the expense of the capital share of national income, and a sustained period of wages growing at least in line with growing productivity.
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Canada needs to learn from U.S. Federal Reserve’s mistakes
The next financial crisis is coming, sooner more likely than later. And Canada has no reason to be complacent, given its own vulnerabilities.
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Challenging the economic dogma of a “natural” unemployment rate
While most economists accept that there is some trade-off between unemployment and inflation, no one really knows how low unemployment can fall before wages begin to rise at a faster pace.
