Archive | December, 2011

More fuel to the “evil republican view”

In a previous post, I compared the “ultra liberal Paul Krugmanesque” view of the current economic turmoil of the United States (I am using hyperboles to caricature positions, I don’t think Paul Krugman didn’t deserve his Nobel prize) with the “evil republican view” and I erred that the latter had stronger grounds on which to […]

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Got (deregulated and cheap) milk?

When I woke up today, I found the most interesting piece of news that an economist could find. It seems that Quebec’s main regulatory agency for milk prices has decided to deregulate milk prices. I must admit that this is fun news and it reminds me of Alfred Khan’s appointment to the Civil Aeronautics Board […]

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Quebec’s history of bank bailouts!

You think bank bailouts are an “American” thing, think again, the province of Quebec was an early pioneer in the area of bailing banks. In 1923, the Quebec-city based Banque Nationale was on the edge of bankruptcy. After the Great War, it had invested its entire capital reserve ($ 5 million) in a single project […]

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Higher prices for alcohol at the SAQ

As we are approaching Christmas time, I decided to accumulate data on pre-tax prices for wines and spirits to compare how large is the difference between Quebec – which has a government monopoly over retail – and other areas where sales are more liberalized. In my case, I have chosen Britain and the United States. […]

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Stimulating demand or cutting the regulatory burden?

The title says it all: to boost growth, should we stimulate demand (lets call this the Krugman option) or cut regulations and taxes (lets call this the “evil republican option”)? The Krugman option would mean that firms and investors have poor outlook on the future and hence that they fear poor sales, hence they constrain […]

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