Articles

2023

The Psychopathic Roots of Exponential Interest Rates
There is an intentional imbalance in every monetary system, it is intertwined with the capitalist economic system and pushes it forward, and this imbalance is a direct reflection of the imbalance inside the people that devise and maintain the system …

2020

“WHAT ABOUT THE GRANDCHILDREN?” – DEALING WITH PUBLIC DEBT FROM COVID
“We’ll be passing the bill to the next generation!” “We’re indebting the future of Canadians!” “Higher deficits today mean higher taxes tomorrow!” “We’re living beyond our means!” “WHAT ABOUT THE GRANDCHILDREN?!?!” Oh the ironic baseless cries and fear mongering about …
The proponents and detractors of deficit hysteria
As a supplement to my article "What About the Grandchildren? Dealing with Debt from COVID" I have made a list of mainstream media articles that either take the neoliberal line and foment unnecessary and ignorant hysteria over the federal debt …
Where did Trudeau get that COVID cash?
It seems fitting that in the anniversary of its 85th year the Bank of Canada has come full circle and is back to its roots using the same kind of monetary tricks it employed in 1935 to start pulling Canada …

2019

Much Ado about 1974: The Bank of Canada in the 70s
Ah the Bank and Canada and 1974! I don't think there's a central bank in the world with more wild mythology surrounding a precise point in time. I must admit however, were it not for this mythology I would not …
Top 10 Liberal Betrayals 2015-2019
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 top ten Liberal betrayals of 2015-2019…
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.
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 …
Useful links to monetary theory resources
This is an ongoing list of links that are useful in learning monetary theory in Canada. Study them in order of this list to delve deeper down the rabbit hole of the monetary system…

2017

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 …
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 …
Bank of Canada monthly balance sheet 1935-1952
It can be pretty difficult digging through old Canada Gazettes to find the Bank of Canada balance sheet information prior to where Stats Canada cuts it off.  So we;ve made it easy by putting it all in one document.
Bank of Canada VS Canadian Infrastructure Bank
Last year an e-petition was submitted to the government requesting the Bank of Canada fulfill its stated role "to promote the economic and financial welfare of Canada", by returning to previous levels of monetary financing and economic activity[1], as opposed …
The Folly of Bitcoin…
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.  …
Alternative Revenue Tools for Toronto Transit
Ever since the Toronto Region Board of Trade’s 2013 report on revenue tools for the city, figuring out how to raise more money for transit in Toronto has been a contentious issue.  Road tolls come with a host of issues, …

2016

A Near-Winner (Baden-Wurttemberg) Proportional System in Canada
There is one proportional system, from the German state of Baden-Wurttemberg, that should be getting a lot more attention. Baden-Wurttemberg was the first place in the world to use a Mixed Member Proportional electoral system, so it’s only fitting that …

2015

Hardeau VS Truper 2015
Who will win the battle for Canada's future? The pretty boy Disney prince puppet, or the robotic Lego dictator…