Gas Prices

Higher gas prices, declining oil prices

There has been a lot of talk about inflation, which I address in an other post, but for now I want to focus on gas prices. First, take a look at the illustration. Notice that even though oil prices are declining, gas prices are still rising. This is known as the ‘crack gap’ and exists…

The Debt

One of the incessant ‘Trudeau must go’ posts includes this feature chart. It pegs Canada’s total debt as $1,163 billion, and each individual debt as $31K. These numbers are supposed to frighten us. But what struck me is how low they are. Compare this, say, with total Canadian consumer debt of $2,200 billion. Average consumer…

Inflation and The Deal

Jagmeet Singh and Justin Trudeau

I heard a pernicious argument from a Conservative commentator on Rosemary Barton’s morning show yesterday. In between condescending remarks (“now look, Rosie”) the argument ran as follows: We are in a time of inflation so we should not pass measures that increase consumer spending. So we should oppose pharmacare and dental care. By contrast, though,…