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Jacques René Giguère
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I teach macro at very basic level to people who won't become economists, a level suitable from a humble IO guy. I never tell them that recession are about Investment. Saving in a monetary world yes but not I. Collect your blogs in a book. You could time it with Stephen's "Columns written from an airport departure lounge". It would make a nice one-two punch from the best bloggers-colomnists in town. If it's not simple end-of-term doldrum, take it seriously.
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Even if you are not a wage earner as such, business person or surgeon, moving implies finding a new client base and getting a new life. Is it worth a few tax points? Only the really wealthy, a good lot of them not being wealth creator tied down to a place, go the MF way.
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One interesting thing about the Everyday sexism project is that the canadian site is in english only. Francophone women won't be heard...
Tom : whether the Reichbank had or not lent to the Weimar gov't in fall 1923 was immaterial. The Franco-Belgian occupation of the Ruhr and the reaction to it made an economic catastrophe inevitable. But that story later provided a good cover for the elite ultimate responsibility in bringing He-Who-Must-Not-Be-Named to power.
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Nick: sort of. But haven't seem so much agonising as to make such musings basic to deadly debates...
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"That depends whether you consider future taxes to be a government financial asset. It's not listed "on the books" (it's an "off-balance sheet asset"), but if you ignore it most governments are insolvent." So would private businesses. Bonds are not secured by assets (worthless if the business goes bust) but by shared hopes of future revenues. And nobody even think about thinking whether Ricardian equivalence applies or not. Humble IO guy hopes he is not too OT...
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Nick: You're right. My old memory is now clicking back to the time I was a student in Blighty. Seems that in self-preservation my brain had blocked all souvenirs of British universities cafeterias. Back to monetary theory.
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Thanks Nick for giving me the only topic on this thread where I can meaningfully contribute but please do not confuse ketchup and tomato sauce. You can't put sauce on a hamburger nor make spaghetti sauce with ketchup...
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To make a comparison, when QC instituted the Régime d'Assurance Parentale (Parental leave) they used the Régie des Rentes machinery but the financing was different and there was no commingling of the two programs. To mix the two, as Oscar would say , is more than a misfortune, it's mistake.
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Eri: beside part or parcels of urban highways,not only did we build the Seaway but the Trans-Canada highway plus plenty of interurban "interstates", a world expo on an "invented island" with its own song http://archives.radio-canada.ca/art_de_vivre/celebrations/clips/201/ https://www.youtube.com/watch?v=DPZKHI8K1YE (peppy version by Donald Lautrec) or a pensive one by Renée Claude https://www.youtube.com/watch?v=mlDuxsLfmLY and enough mega-dams that even more songs were written about them...and survive to this day (a Leonard Cohen cover of "La Manic" in 2012) https://www.youtube.com/watch?v=ra_QM0aV-FQ unless you prefer the original by Georges Dor https://www.youtube.com/watch?v=DZnwNmR1pUQ I lived and grew in that era and the last thing I remember is a lack of faith in the future. I saw schools and even universities built by the day... Hey, a good number of us even try to build a new country...
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You can read here http://www.quebecurbain.qc.ca/2010/08/30/le-reseau-demesure-dautoroutes-inachevees-de-quebec/ the abomination that was in store for Québec City. We escaped some of the worst but La Vieille Capitale still has more freeway per capita than Los Angeles and even New York...
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Andrew: I gave a definition of what is a king. Nothing can be more positive than that. No value judgment. End of story.
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Andrew: the King decides that is is not robbery but taxation. The king decides what is taken as taxation. The king decides in what he will pay you. He is the King. Quia nominor leo. (Only She-who-Must-be-Obeyed has more power...)
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Andrew: kings can ask for taxes in paper because they can tax a provinice, give the bit of paper to soldiers or paymasters, move soldiers to another province and then buy chickens. Much easier than collecting and transporting chickens. Kings can create paper money not because it is used but because they will use it.
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Short observations fron humble IO guy: BoC undertakes to devaluate your stock of money by 2% a year. Also promise to increase you flow of money by same %. Canadian Tire is "closing" its system as it move from paper currecy freely transferable by anyone to accounts held on CT computers and usable only at the (increasingly non-)cash register. What effects do you expext on demand, use, etc, of CT money? Am i wrong thinking that CT is moving toward a pure central bank business model?
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We can finance long-term project with long term "deposits". It's what life insurance companies and pension funds do. And then we force them to mark-to-market and evaluate pension funds managers on a quarterly,even monthly basis. We create market instability out of thin air.
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Everybody is complaining about credit card fees. Forgetting the stupefying cost of handling, sorting,counting,securing and transporting cash. My family had a store in the '70's. The joy of counting the cash at the end of the, getting out of the store and going to the local bank. Our town was rather calm and we were never robbed (though we had three hold-up. SOme of our colleagues weren't so lucky.
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Nick: not some chance of collisions. First chaos. Then paralysys. Then , maybe, slowly emerging order. Like trying to figure out who arrived first at a 4 stop corner.
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Dean to dept head:"The Minister is visiting next week with a delegation from the THE. Time to clean up. I hear about a guy you have that is "thinking" about what would happen if a man were sitting on ray of light and opened his flashlight. Fire that Einstein guy!"
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How many of those who did not wish to return knew they would be killed and were with the full support of the well-meaning progressive left?
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Today, the Supreme Court of Canada said that (in regard to AB and SK), the 3rd group to have arrived (in the second immigrant wave) can tell the others that their languages have essentially no right to be used (in provincial matters)... When you arrive, after and before whom and when have strong implications for your status.
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Nick: Parliament were set up to collect real resources and allocate them. Helicopter money is merely a simple (though powerful) way of inducing people to use unallocated resources. As long as the populace (and the elites) is uneducated, you're unfortunately right...
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In the 60's, demographers saw falling life expectancy in the USSR a a warning sign of impending catastrophe. Europeans were ignored, Soviet ones were punished. Andrei Amalrik "Will the Soviet Union survive in 1984?" http://www2.stetson.edu/~psteeves/classes/amalrik1.html
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Yep. Statscan can measure producers surplus somewhat acurately (profits) is incapable of calculating consumer surplus as it is currently unknowable. (As is the value of extra weeks of vacations bu Europeans whom Americans deem poorer in view of GDP data.)
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Given that Duceppe seeks followers only in french QC (in the West Island and ROC, if you could be an anti-follower, I am sure he would get some), the 86000 translate into almost 350K. Given that Twitter is less popular among francos than anglos, I just wonder what it might mean...
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