You know the problem with setting targets? Eventually, a day of reckoning will come. In the Prosperity Plan, the New Brunswick government set a very ambitious target for research and development. From the Plan: NB will join the top four…
Continue ReadingThe Bovinian Theory of Economics and Politics
I came across this earlier today. Interesting theory in support of capitalism: Socialism : You have two cows. The government takes one and gives it to your neighbour. Communism: You have two cows. The government takes them both and provides…
Continue ReadingA great and noble scheme
I just finished a new book on the Acadian deportation entitled A Great and Noble Scheme written by a Yale University professor. It is a wonderful book and I think it should be required reading for all English kids in…
Continue ReadingAnother sign of prosperity?
I just came across a very interesting statistic. Did you know that only Newfoundlanders generate more ‘investment’ income than New Brunswickers? Investment income is the amount you earn on your investments such as RRSPs. In 2003, New Brunswickers generated an…
Continue ReadingMultiplier Effect
I know I mentioned this before, but it is worth mentioning again – specifically, the multiplier effect of economic development. If you can attract a major new industrial project, the benefits will be multiplied throughout the community. An example of…
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