Justin Peters over at Slate asks a very good question, "Will Arresting People Who Aren't Very Drunk Reduce Drunk-Driving Fatalities?". In regulation development, if a previous restricting policy policy did little to meet the policy objective, it makes little sense to make an even stricter policy. A stricter policy will just create more costs or … Continue reading Monitoring and Evaluation: Bad Indicators lead to Bad Policy Making
I recently took my very first First Aid course with CPR and AED certification for St. John's ambulance and I was astounded to learn how effective Automatic External Defibrillators (AEDs) are at saving lives. In cases of cardiac arrest, an AED can double the rate of survival from an out-of-hospital cardiac arrest (Weisfeldt et. al.). … Continue reading The Argument for Better Access to AEDs
The Canadian government's recent blocking of the sale of Progress Energy Resources to Malaysian state-owned Petronas has raised calls to act on the vagueness of the "net benefit" test applied to mergers in Canada over $331 million. The lack of clear criteria for this net benefit test has serious economic implications for investment in Canada. … Continue reading The Cost of Regulatory Opacity
As German Chancellor Angela Merkel announced yesterday, the only way forward for the Euro is for a full political and fiscal union of the member countries. With small peripheral Euro economies, the need for political and fiscal integration was apparent from the start. However, lacking political will, it was impossible to implement. Now with anti-EU … Continue reading The Possible End of the Euro in Peripheral Countries
To a roomful of academics in August, Stephen Harper announced the end of Canada's "brain drain" - the end of highly skilled professionals leaving Canada for the U.S. and other countries. Although Canada's "brain drain" was likely overblown even during the height of its hype (Here is a Stats Can report on the issue from … Continue reading Canada’s Brain Gain
Obama's debt-reduction plan is unlikely to pass Republican-dominated congress because of its focus on higher taxes for the rich, ie. those making over $250,000 a year, as well as higher investment taxes. In total, Obama hopes to take $1.5 trillion more from wealthy Americans. Unfortunately, higher income taxes reduce the incentive to work and higher … Continue reading Why Isn’t Obama Considering a Consumption Tax?