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Continued financing of government debt by the Bank of Canada poses significant economic risks


VANCOUVER—The idea that the Bank of Canada can continue to finance government debt by printing money without a clear commitment to repayment, known as Modern Monetary Theory (MMT), poses enormous risks to the Canadian economy, finds a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.
“Modern monetary theory is a pipe dream, and if the federal government and Bank of Canada go down this road, the damage to the Canadian economy could be substantial,” said Steven Globerman, resident scholar at the Fraser Institute and author of A Primer on Modern Monetary Theory. ....

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The debate over student loan forgiveness and why it's not the only option to solve a debt crisis


People need to rethink what they know about student loans, said Collinge.
This is not a partisan problem, this is not a young person’s problem either. You know there are more people over the age of 50 with student loans than under the age of 25 and they owe three-times more than that younger group.
More than forgiveness, Collinge wants to reform the entire student lending system, restore bankruptcy protections for loans and slow the rising cost of college.
So we are now calling on President Biden to cancel all federally owned student loans which he can do by executive order, Collinge said. ....

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ALGERIA'S HYPES AND HOPES: PROSPECTS AND CHALLENGES AHEAD - politicamentecorretto.com


ALGERIA’S HYPES AND HOPES: PROSPECTS AND CHALLENGES AHEAD
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Algeria is trying to implement a series of political and economic reforms aimed at improving a difficult socio-economic situation and smooth the path towards the legislative elections of June 12. However, the Covid-19 pandemic and its economic consequences, combined with both resuming popular manifestations guided by the Hirak movement and an increasingly volatile regional scenario, may soon bring forth yet another litmus test for the government and the country as a whole. What challenges lie ahead for Algeria? What the implications for the country’s and the region’s stability?
Panel Discussion ....

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