By Adam Smith, 21st Century This paper is dedicated to John Monroe and Michael Karp, without whose exposing of my ignorance on the monetary system I would not have found impetus to delve as deeply as I have. Ah the Bank and Canada and 1974! …
One could make quite a list detailing all the dirt the Libs have built up the last 4 years, but here’s our (admittedly subjective) list of the… 1. Lying about electoral reform While one could argue other items on this list did more actual harm,…
Seeing as the SNC-Lavalin scandal has everyone excited in an election year, and there is a ton of information, history, and varying views, we thought it prudent to write a post that details the whole story in a linear fashion. Our information comes mainly from…
There is a very strong case to be made for monetary reform in Canada, in particular increasing public money creation to fund deficits instead of always borrowing from capital markets. This type of money creation is called “monetary financing” and is achieved through the central…
This is an ongoing list of links that are useful in learning monetary theory in Canada: https://lop.parl.ca/sites/PublicWebsite/default/en_CA/ResearchPublications/201551E https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf?la=en&hash=9A8788FD44A62D8BB927123544205CE476E01654 http://www.levyinstitute.org/pubs/wp_848.pdf https://www.imf.org/external/np/res/seminars/2015/arc/pdf/adair.pdf https://www.bankofcanada.ca/wp-content/uploads/2018/11/remarks-201118.pdf https://mmtincanada.jimdo.com/ http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
There is much contention surrounding the history of the Bank of Canada making advances to the federal government and provinces. Some claim it never happened, that although there were provisions in the Bank of Canada Act (article 18 (i) and (j)) for advances, this provision…
It has been claimed by many that the federal government never made loans directly to cities for infrastructure. This is incorrect, one just needs to dig deep enough into the Canada Gazette archives. There one will find the Municipal Improvements Assistance Act 1938, and the…
BoC balance sheet 1935-1952
pdf version TO: The Right Honourable Justin Trudeau, P.C., M.P., Prime Minister of Canada The Honourable Bill Morneau, P.C., Minister of Finance Mr. Nathaniel Erskine-Smith, M.P., House of Commons Dear Prime Minister, Minister, and Mr. Erskine-Smith, Last year an e-petition was submitted to the government…
pdf version Bitcoin. The time had finally come for me to really understand it. I started by researching blockchain, and then started in on Bitcoin. It always seemed a bit fishy to me, something never sat right and so I avoided it. Until now. Blockchain…