Trump is wrong to impose tariffs on Canada Published by Hilliard MacBeth on Feb 28, 2025 Tiff Macklem, Governor of the Bank of Canada, outlined the likely economic impact of new U.S. tariffs on Canadian exports announced by President Trump. These 25 percent tariffs on most Canadian goods are expected on March 4. Canadian energy and electricity... Read more
Population collapse is a serious threat Published by Hilliard MacBeth on Feb 21, 2025 Population collapse will be a very important issue in many parts of the world in the near future. Outside of sub-Saharan Africa, the number of births is not sufficient to maintain the world’s population at 8 billion people. The impact on the economy will... Read more
Higher inflation could end rate cuts for this year Published by Hilliard MacBeth on Feb 14, 2025 Higher inflation returned this week. The numbers for January CPI inflation came in hotter than expected. A significant upturn in Core CPI on a monthly and annual basis raised eyebrows, although the markets were not rattled for long. Is this the end of... Read more
Elon Musk will not meet his deficit cutting targets Published by Hilliard MacBeth on Feb 07, 2025 Elon Musk is wrong about how government deficits work. He is firmly in the camp that says that government budgets must be balanced because otherwise a government will go bankrupt. He compares the government deficit problem to a household spending crisis... Read more