Economist | Questioning Canada’s Public Policy through a Free Market Lens
Canada
Joined October 2022
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155 Years of U.S. vs. Canada Economic Growth: The Historic Widening Gap
1️⃣ From 1870-2006, both grew at exactly
2% annually.
2️⃣ U.S. income per capita stayed ~18% higher throughout.
3️⃣ Since 2006, the gap in income per capita widened-hitting a 43% high in 2024, the largest in 155 years!
Why is the gap widening?
Why isn’t Canada growing at its historical 2%?
Is this a temporary divergence or a long-term decoupling from the U.S. economy?
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Data Source: Global Macro Database globalmacrodata.com/data.htm…
Code in my GitHub: github.com/whynotecon/Canada…
Thanks for GMD! Amazing database!
@KarstenMueIIer @chenzix
#CanadaEconomy
#CanadaVsUS
#EconomicGrowth
WhyNot retweeted
.@Harvard after 12,000 Iranian protesters assassinated.
Doesn’t it matter why there’s capital outflow to the U.S.? Is it because we’re doubling our net exports to the U.S. and investing the USD surplus there — or because businesses and individuals are finding ways out of an over-regulated, hard-to-do-business country?
WhyNot retweeted
Canada has become economically weak and vulnerable to the whims of our largest export market…and Ottawa continues to dither.
Parliament could do 3 things today that would immediately turn our economy around, create hundreds of thousands of jobs and generate trillions in wealth for Canadians without spending a single tax dollar:
1️⃣ Scrap Oil and Gas Production Cap
2️⃣ Overhaul “No New Pipelines” Law
3️⃣ Eliminate Tanker Ban
The national economic self-sabotage has to stop. Canadians deserve leaders in Ottawa with the courage to unleash our full potential, restore prosperity, and make our country strong again.
We can do this!
Please keep criticizing BAD economic policies— Tariffs, more gov spending, etc
And keep sharing quotes from Milton Friedman!
We people need a strong voice against the government!
WhyNot retweeted
The path toward a stronger and richer America is clear: we must cut taxes, rein in reckless spending and end Washington’s addiction to debt. Only then can we restore economic prosperity, preserve individual freedom and ensure that the American Dream remains alive for generations to come.
courier-journal.com/story/op…
Your policies are quite similar to what followed by Trudeau which results in another four years of stagnant gdp per capita
Big mistake
teapawt.net/whynotbedirect/status/…
For those thinking Carney offers a new economic direction from Trudeau:
1️⃣ Consumer carbon tax = Producer carbon tax
2️⃣ More gov INVESTMENT = more gov SPENDING = more inflation = one step closer to gov debt crisis
3️⃣ Keeping Bill C-69 = no new pipelines and no mining = no energy sector growth
4️⃣ “Build Homes Canada Agency” = more bureaucracy = VERY COSTLY home building strategy
SAME POLICIES, DIFFERENT FACE.
For those thinking Carney offers a new economic direction from Trudeau:
1️⃣ Consumer carbon tax = Producer carbon tax
2️⃣ More gov INVESTMENT = more gov SPENDING = more inflation = one step closer to gov debt crisis
3️⃣ Keeping Bill C-69 = no new pipelines and no mining = no energy sector growth
4️⃣ “Build Homes Canada Agency” = more bureaucracy = VERY COSTLY home building strategy
SAME POLICIES, DIFFERENT FACE.
Your policies are VERY similar to Trudeau’s:
- consumer carbon tax = producer carbon tax
- more gov investment = more gov spending = higher debt to gdp = higher inflation or financial crisis
- Build Home Canada Agency = more gov regulations and interventions = at best more housing supply but VERY COSTLY for tax payers
- keep bill C69 = no more pipelines and no energy sector growth
Why do we need Build Home Canada as a new agency??? Housing supply is low due to lots of regulations!! Don’t socialize our economy!!!!
Yes we can give ourselves a lot. But your policies which are quite similar to the policies in the last decade will kill the economy. GDP per CAPITA has been flat for a decade under similar policies.
We don’t need another government agency to build homes. We need less regulation that private builders can build! Don’t socialize Canada’s economy