Posts in Economics
The spread of confusion

Satirist P.J. O'Rourke says, "Beyond a certain point complexity is fraud ... when someone creates a system in which you can't tell whether or not you're being fooled, you're being fooled." So take Canada's multi-billion-dollar equalization program ... please. It's so complicated even experts have trouble with it, and regular citizens are excluded completely. Click here to read the rest.

Equalization only promotes lazy spending habits

Equalization doesn't just reward failure. It encourages it. Seven Canadian provinces were chronic recipients of the program from the very beginning and all have been economic and financial underperformers that bleed ambitious young people to more dynamic parts of the country. Newfoundland and Saskatchewan are no longer recipients of equalization and are struggling to reverse economic and demographic decline, but Quebec, Manitoba and the other three Atlantic provinces are still stuck in it. Click here to read the rest.

Champion spenders

So how about that high-flying health expert who whacked Alberta taxpayers for $487,000 a year in salary plus $346,000 in expenses in 3½ years at the Capital Health agency, then bonged eHealth in Ontario for over $75,000 a month as a consultant before getting hired as chief financial officer with Alberta Health Services? The Olympic magnitude of it inspires a certain awe. Click here to read more.