SCANDAL: Trudeau, SNC, and the DPA

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…

Making the case for public money creation in Canada

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…

Useful links to monetary theory resources

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

Bank of Canada advances to federal and provincial governments

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…

Municipal Improvements Assistance Act 1938, Bill 143

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…