Other articles


  1. Canada Day 2021

    Canada isn't an abstraction - it's 38 million people.

    I would suggest that the point of Canada Day is not so much to celebrate pride in Canada as to strengthen the feeling of connection that we have with other Canadians as a community. I think that's a necessary and fundamental part …

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  2. Why Universal Basic Income isn't workable


    Unemployment rate, January 1976 to May 2020. Source: Statistics Canada

    Our current social safety net is based on the goal of full employment, driven by monetary policy (interest rates) and fiscal policy (deficits and surpluses). It's primarily targeted at people who can't work - the elderly, children and single parents, the …

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  3. Alberta and national unity

    The election results illustrate a stark divide between Alberta (and Saskatchewan) and the rest of the country. The Conservatives won all seats save one in Alberta and Saskatchewan, but made very little headway in the rest of the country, losing votes in both Ontario and Quebec.

    It's hard to find …

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  4. The national climate plan survives its first electoral test

    I'm very glad that the national climate plan has survived its first electoral test.

    Scheer's team thought that they could swing the suburban GTA ridings by making people angry about the carbon tax, falsely claiming that it was a federal tax grab. If Scheer had succeeded yesterday, politicians both in …

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  5. Toast Kaizen

    A 30-minute video from 2004 explaining the Toyota manufacturing principle of Kaizen, or small improvements, illustrated by making toast. The presenter, Bruce Hamilton, discusses seven forms of waste which can be identified by direct observation: motion, waiting, storage, transportation, defects, processing, and overproduction.

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  6. Mian and Sufi on debt

    House of Debt There's a warning that often appears in personal finance books: "Leverage cuts both ways." Because people usually borrow 80% or 90% of the price when buying a home, any gains due to an increase in the price are magnified - but any losses due to a decline are magnified as well …

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  7. Investing as lending

    Compound growth Investing basically means lending out your money, and getting some kind of return on it.

    There’s two kinds of investments: debt and equity. With debt, you lend the money and get a fixed rate of interest. With equity, you buy a small slice of a business and get a …

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  8. The Trans Mountain expansion

    From here in BC, the Trans Mountain expansion project (TMX) seems like an irresistible force meeting an immovable object. I think the Trudeau government will still make it happen, but it won't be easy.

    Lack of pipeline capacity is costing the Canadian economy something like $15B/year, due to the …

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  9. Hope for the best, plan for the worst

    How do you make decisions when the outcome is uncertain? A good general rule is to hope for the best, but plan for the worst.

    An example from the H-DIPLO mailing list (for historians of foreign policy):

    From: Eric Bergerud
    List Editor: "H-DIPLO [Rausch]"
    Editor's Subject: Nixon, Kissinger, and Vietnam …

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