Hopes and Fears for 2025

Hopes and Fears for 2025

As usual (2024, 2023, 2022, 2021, 2020, 2019, 2018, etc), let’s start the year by listing three things I’m hoping for and three things I worry may happen. Let’s start with the good things that hopefully will happen this year....
Canada Is Part of the Anti-Convergence Club

Canada Is Part of the Anti-Convergence Club

Economists widely agree with the theory of “convergence,” which is the (mostly true) idea that poor nations should grow faster than rich nations as they catch up (converge). But there are exceptions. Sometimes a richer country will grow faster than...