Where there is too much, something is missing

When I was an economics student many years ago, the last living student of John Maynard Keynes and noted economist Joan Robinson gave a lecture to a packed hall.  During the question period, one smart aleck student asked, “Why should anyone study economics?”  After a prolonged pause, her answer was simple, “So you know when […]

Pros and cons of an expanded Canada Pension Plan

The Conservative government has announced it would like to have a dialogue with Canadians about a potential expansion of the Canada Pension Plan (CPP). While this, in itself, is a purely political action — since it commits the government to nothing — it is worth looking at what the possible outcomes might be.