Tips for Saving Money This Post-Secondary School Year

It’s tough, rising tuition costs will never cease, books will always be new every year, and rent in your city is poised to increase. The opportunity cost of going to school is more than these costs, but the loss of your income for the year as well. So why bother...

Already Crippled Cities Face Crumbling Infrastructure

Numerous cities and counties in the United States are faced with the continuous looming possibility of having to declare bankruptcy due to rising costs and declining tax revenues. It doesn’t help both state level and federal level coffers when, and if, these...

Alberta to Bump Minimum Wage Starting in October

Business’ may cry foul, but Alberta, despite being one of the wealthiest provinces in the country, when the oil price is high, has the lowest minimum wage in Canada. The affects on the economy will be negative, say small business owners and service related...
Why Alberta Oil Savings is Not like Norway but should

Why Alberta Oil Savings is Not like Norway but should

It is entirely plausible the only result from the Alberta savings fund (currently at just under 18 billion) after the oil boon will be a paltry 4.6 billion. That’s $4.6 billion generated from decades of revenues and trillions of royalty dollars. A handful of...

Could we see $20 per barrel price of oil?

The answer is yes, and the ones who will suffer? Well, everyone will, but North American producers, particularly in the shale and bitumen markets, will suffer the most. Why is this happening? Well North American production has increased and nobody else worldwide is...

Infrastructure Spending Is Zero. That’s 0 with a zero

Lawrence Summers, Professor and President Emeritus at Harvard University, has made an assertion that has startled many economists and has gotten the the policy thinkers in a buzz. His models suggest that the total government spending (of all levels) adjusted for...

Consumption Bundle Assumptions

Introductory Macroeconomics Following up from our introduction to economics/macroeconomics article, this post talks about ‘self-interest’ and maximizing over a set of preferences subject to constraints. Let’s start off with some examples, but first,...