The federal government has just leaked the news: $64 billion deficit over the next two years! But, as Andrew Coyne asks, can we really spend our way out of this mess? I am also a stimulus skeptic, to borrow Greg Mankiw's phrase. But in this case, I'm not sure who to blame more: the Harper government for excessive "stimulus" or the Liberal-NDP coalition for pushing them to it? Outrageous!
In other (related?) news, should a person really be responsible for maintaining an ex-spouse's ridiculously extravagant lifestyle? Outrageous!
And here's Nicholas Sarkozy proposing a binding price ceiling on oil going to developing countries. That's a great idea if the objective is to ensure all the oil flows to the advanced countries. But the developed world will be shit of luck. "It is in everyone's interest," said the French President stupidly, "to regulate the prices of raw materials, not just oil, not just gas, but all raw materials." I thought Sarkozy was supposed to be pro-market? But I guess he's just French. Outrageous!
Finally, please read this article. The question that needs to be answered is this: are "sweatshops" a necessary step between poverty and prosperity? Discuss.
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