Archives

2024

[Nov 01] Wealth Distribution in Canada
[Jan 21] The TSX, Now and Then

2023

[June 25] The Most Reliable Valuation Measure for Canadian Stocks
[June 15] How QE Creates Money in Canada: A Simple Example

2022

[May 23] How Governments Cause Inflation

2021

[Dec 31] Beating the TSX – The One-Fund Solution
[Sept 16] The World’s Safest Portfolio
[Sept 06] Where Does Money Come From?
[July 16] The Most Important Chart for Canadian Investors
[June 03] Overvalued and Overconfident
[May 26] Inflation, Asset Prices, and the Policy Mechanism, Explained
[Apr 20] Forecasting the TSX
[Apr 03] Asset Allocation, Canadian-Style
[Feb 15] How to Bake a Hot Potato (Bank of Canada Edition)
[Feb 05] Canadian Stocks Underperform, and That’s Just Fine
[Feb 01] The Bank of Canada’s Big Nothingburger
[Jan 19] A ‘Total Risk’ Portfolio Framework
[Jan 04] In Defense of Cash

2020

[Nov 28] How the Bank of Canada Funds Government Spending
[Nov 22] How the Bank of Canada Creates Money
[Nov 14] Was Canada’s COVID Response Inflationary?
[Oct 26] Do Banks “Spend” Reserves?
[Aug 27] You’re Poorer Than You Think
[Jun 18] Does the Bank of Canada Need to “Unwind” its Balance Sheet
[Apr 11] A Government Debt Jubilee
[Apr 02] The Case for Gold
[Mar 02] Modern Monetary Theory in Canada
[Feb 16] The Liquidity Portfolio
[Jan 14] Is There a Repo Crisis Brewing in Canada?
[Jan 09] What’s the Point of International Diversification?

2019

[Dec 05] A Primer on Austrian Business Cycle Theory
[Dec 01] Are You Ready For Negative Interest Rates?
[Oct 17] The “Debt Monetization” Myth
[Sep 09] An Operational Perspective on QE in Canada
[Aug 01] Why You Can’t Afford a House in Vancouver
[Apr 24] The Price of Money
[Apr 05] Money-Pumping Myths, Japan Edition
[Mar 04] A Crusoe Economy
[Feb 28] A History of Financial Crisis
[Feb 19] Forecasting the Boom-Bust Cycle
[Feb 07] The Bank of Canada Playbook – Part 2
[Jan 30] The Great Canadian QE Myth – Part 3
[Jan 17] The Great Canadian QE Myth – Part 2
[Jan 10] The Bank of Canada Playbook – Part 1
[Jan 02] The Great Canadian QE Myth – Part 1

2018

[Dec 19] Inflation, Lies, and Statistics
[Dec 14] How the Fed “Prints” Money
[Dec 09] Is QE Inflationary?
[Dec 07] What’s Money? What’s Not?
[Dec 04] Liquidity and the Mirage of Credit
[Dec 01] Debunking Gold
[Nov 10] Who “Killed” the Economy
[Aug 04] Measuring Money
[Apr 12] Follow the Money (Supply)
[Mar 20] Top Books on Money
[Mar 01] Inflation, the Disease of Money