Mike's Daily Comment
We are far less able to weather any significant downturn because we have falsely assumed one will never come. This is the true peril of borrowing when the economy is strong.
It’s not like we don’t have reasons to be fed up, but there seems to be very little in the way of grassroots opposition to Canada’s “business as usual” cronyism, self-serving and outright corrupt political practices. This is in direct contrast to virtually every other Western nation.
Somebody has to pay for everything that governments deliver, but their free lunch promises keep attracting support from voters. So which one of us will shoulder the burden?
Canada has put on $16.6 billion in tariffs on Canadians who purchase an array of US goods. But that costs us far less than the fall of the loonie versus the US dollar.




Governments Dazed and Confused When It Comes To Guaranteed Basic Income
Posted by Michael Campbell
on Friday, 6 July 2018 17:59
Political proponents of a guaranteed basic income put in policies that raise the cost of labour, which in turn creates an incentive for employers to trade workers for technology.