CPCFTW

Cool story bro. Now can you show me where paper money was referenced earlier?

And what do banks do with that tiny bit of cash again? http://en.wikipedia.org/wiki/Open_market_operation For a Canadian perspective, the Canadian Securities Course has an interesting section on this. You seem to be pretty interested in this stuff, so you should think about giving it a whirl: https://www.csi.ca/student/en_ca/courses/csi/csc.xhtml#tabview=tab1

Really? What's the royal canadian mint for?

So you're talking about a growth in the money supply? But I thought we we're talking about gdp growth. I don't think there's any danger of running out of money when we can just print more of it. Obviously inflation is a concern though. How does any of this necessitate growth though? People have and will continue to default on loans. If money supply stops growing and people are forced to declare bankruptcy then the banks just take a bath on those loans.

Are we talking about government debt or personal debt? I'm not sure I follow your logic.. Why would any growth be necessary given your formula? If you're talking about gov't debt, presumably, some portion of that gnp is taxed and used to pay down interest/debt? Or if we're talking about personal debt (which is what you originally mentioned), couldn't people just spend less?

Very good points. Subsidization of university education should be directly correlated to private sector employability and job sector needs upon graduation. I bet student loan interest rates could also be further reduced if there were less arts grads defaulting on their loans by fleeing to Europe and Southeast Asia to "broaden their horizons". I don't think there is any reasonable explanation for why philosophy degrees are subsidized to the same extent as engineering degrees. If people want to become lawyers/doctors, etc., they shouldn't have a taxpayer funded 3 year party in undergrad to learn Kant's categorical imperative. People should have to learn something useful in undergrad or pay the full cost of their useless degree.

Lol @ "taze him!!" at the end.

Oh there are "spirit" bears in the forest? Well you've convinced me! Down with jobs! Down with prosperity! Let us all live in wood log cabins among the spirit bears!

I'd love to hear how you came up with this number.

Huh? Can you be a little more specific? Regardless, a few anecdotes doesn't change the fact that we should be encouraging, not discouraging, businesses and corporations to create jobs. Individuals always pollute and "rape" the environment, why the double standard for corporations? Just because corporations aggregate the pollution demands of society into specific locations? Corporations aren't the problem, 7 billion "apex predators" is the "problem".

Price of oil skyrockets = CAD skyrockets = more manufacturers priced out of Ontario = Daddy Dalton bankrupts Ontario.

Looks like MLW has another Occupy protester join its ranks. Welcome AusKanada! Where will be staging your next camp out with iPads?

No it doesn't. First of all, anyone with a mutual fund or pension plan is likely a "business owner". Secondly, corporations create jobs and produce goods with their capital, what do you do with your "capital" besides consume Chinese made products?

As pseudo mayor? Nope. Come on Michael, you can do better than that.

It would certainly be a huge victory for Ford to kill this. He campaigned on killing transit city and now he has a self-appointed pseudo-mayor undermining him. Good on Ford for not playing politics and sticking to his guns for what his electorate wanted.

They must be reading my posts.. Maybe I should be a Councillor..?

Well they're not using them.

Good. He's the mayor and he doesn't need some overzealous TTC chair around that is trying to embarrass him by proposing a slightly modified version of the Transit City plan he vowed to kill in his election platform.

The X-Com's are great games. Borderlands is meh. The quests become repetitive. Other good classic games are strike commander: And jagged alliance 2:

Actually it is you who can pound sand. Harper already got a mandate to do what he wants for the next 4 years. We are sick of lefty induced elections for every scandal you guys can manufacture.

I'm not an anarchist... but what I mean is that I don't support spending as in the current model. To clarify, I wouldn't support non-growth related spending at any time now until there are massive cuts to entitlement programs and government payrolls.

No credibility? Thanks buddy. Congrats on the huge e-penis. Take a hike now.

Yes apparently. But not really outside of the context of randomly googling and posting on an internet board in 30 seconds. I don't have time to write a research paper on every post like some posters... cough.. waldo... cough.

Cutting GST was a political move, not an economic one. It was a populist move to get into power. And the economics of it aren't so bad when you consider the lower prices and sales taxes to our south. While consumption taxes are good economically in theory, cutting sales taxes in Canada may reduce cross border shopping and keep more Canadian consumption dollars within Canadian borders.