Mei

I Don't Care About Oil

My MEI colleagues and I have signed, in recent years, a number of texts explaining among other things the merits of oil and gas development in Canada, and of transporting oil by pipeline. This is enou...
Raghav Sundar

The Nasty Side Effects of a National Drug Plan

A conference was held a few weeks ago in Ottawa to discuss yet again the adoption of a pan-Canadian government-run drug insurance plan that would cover prescription drug costs for the entire population. Such a program would instead risk increasing the burden currently weighing down public finances. Such a plan would not only entail extra costs for taxpayers, but would do nothing to change governments' current propensity to restrict and delay access to new drugs. Foreign experience can teach us much about the dangers of adopting a monopolistic drug insurance system in Canada.
AP

On the Mortgage Debate, Mulcair KO'd Flaherty

The federal minister of Finances, Mr. Jim Flaherty, made public comments and exerted pressures for Manulife Bank to withdraw its offer for a five-year-fixed mortgage rate of 2.89 per cent. NPD leader Thomas Mulcair accused Mr. Flaherty of using his position of power inappropriately. I couldn't have said it better myself.
Alamy

New Prescription Drugs Are Worth the Cost

We cannot deny the fact that the costs of prescription drugs have been increasing at a considerable rate over the last few decades. While total healthcare spending per capita has almost tripled during this period, per capita expenditures on prescription drugs have increased six-fold. But should this trend be a source of concern?
Shutterstock

Canadians With Lower Income Have Higher Opportunity

We often hear that in Canada, "the rich are becoming richer while the poor are getting poorer." Fortunately, studies focusing on economic mobility in Canada tell a totally different and more accurate story. By looking at these data, it becomes clear that it is the poorest 20 per cent who enjoy the highest upward economic mobility.
CP

The Human Right That Canadian Unions Ignore

Following the approval of the Canadian Auto Workers (CAW), the union is about to merge with Communications, Energy and Paperworkers (CEP) and will form the largest private sector union in Canada. Unfortunately, unions have set compulsory membership in various collective agreement and dues are mandatory in Canada even when unions use them for political or ideological purposes. Individual workers should also be able to choose to associate or not. It's a basic right.
Alamy

How Do Governments "Create" Money?

How do governments "create" money? That is the very relevant question a Sun reader asked me after reading one of my columns. Well, physical cash is only a tiny portion of existing money. Most of it nowadays simply exists as digits in computers. Granted, monetary economics is one of the most boring and technical topics in the field of economics. But given what is at stake in this risky experiment, we all have an interest in better understanding what is going on.