Commentary According to a newspaper, not this one, as Prime Minister Justin Trudeau attends the NATO summit in Vilnius, Lithuania, this week “pressure will be on” to make a meaningful contribution to the alliance. Pressure being a colourless, odourless gas whose only known effect is to cause journalists to write headlines. We’ve been free-riding on…

Commentary The evidence from the last 30 years is clear: Keynesian policies leave a massive trail of debt, weaker growth, and falling real wages. Furthermore, once we look at each so-called stimulus plan, reality shows that the so-called multiplier effect of government spending is virtually nonexistent and has long-term negative implications for the health of…

Commentary  My colleague, Doug Kass, penned an interesting note suggesting “Keynesian Economics” will fail. To wit: “At the core of the Keynesian theory is that the coordinated monetary and fiscal policies can stabilize economic output, inflation, and unemployment over the business cycle. As noted above, there are exogenous forces at work in this cycle which…