Why Trump’s recent actions should cause us all to rethink our policies

As Donald Trump makes it clear that he is intent on pursuing his rash and racist agenda come what may, we might be tempted to stand back, count our blessings and try to minimize the damage. We need to be bolder than that. Not only in the short-term, as we counter his hyper-nationalist rhetoric, but… Read More Why Trump’s recent actions should cause us all to rethink our policies

Central banks are facing a credibility trap

Central banks are being forced to govern through exceptions in an era in which rule-following (particularly the holy grail of the 2% inflation target) has become the ultimate source of policy credibility. As the potential for renewed economic crisis continues to grow, this credibility trap will only grow – as central bankers and governments find themselves lurching from exception to exception, refusing to question the neoliberal rules that no longer seem to apply.… Read More Central banks are facing a credibility trap

Rebuilding the middle class: The Liberals have a chance to rectify their past economic mistakes

As the new Liberal government starts to put its economic plan into action, its commitment to paying attention to the evidence (unlike its Conservative predecessors) should provide them with both comforting and cautionary tales. On the one hand, there is ample evidence to support the Trudeau government’s plan to allow for short-term deficits in order… Read More Rebuilding the middle class: The Liberals have a chance to rectify their past economic mistakes