Day: January 27, 2008

January 27, 2008

Amero – “Fix The Loonie”

I love it. An article in the National Post by economist Herbert Grubel (a senior fellow at the Fraser Institute and educator at the Chicago School) calls for Canadian politicians to “fix the loonie“. I wonder: has Mr. Grubel not seen the equivalent of the charts that were posted earlier? Does he really take Canadians to be that stupid? Please. Stop already. Tying our currency […]

January 27, 2008

US Dollar Index

Many people ‘wow’ themselves with the price of oil, the Canadian exchange rate and the price of other ocmmodities like gas, wheat, soya, gold, etc. For a long time, I’ve been saying that these changes have a lot less to do with economic miracles embedded within each of these commodities. Sure, there have been disturbances, but nothing on the scale that would support consistent increases […]

January 27, 2008

How Bush Destroyed the Dollar

From Paul Craig Roberts, the Assistant Secretary of the Treasury in the Reagan administration, we get this interesting review of the current US economic situation: http://www.counterpunch.org/roberts01272008.html If the US government cannot balance its budget by cutting its spending or by raising taxes, the day when it can no longer borrow will see the government paying its bills by printing money like a third world banana […]

January 27, 2008

Tax Breaks Don’t Work – See 1929

We’re being told by the Harpies that opposition parties – if we were stoopid enough to elect the Liberals or the NDP – would spend like crazy and increase our level of debt. Here’s just one of the empty threats from Steve. Duh! If you’ve ever read an unbiased economics textbook, that’s what you do when you’re about to head into a recession. What you […]