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A Primer on Modern Monetary Theory

A Primer on Modern Monetary Theory is a new study that finds that if the Bank of Canada continues to finance government debt by printing money without a clear commitment to repayment—also known as Modern Monetary Theory (MMT)—it would pose enormous risks to the Canadian economy. Where MMT has been tried in the past, it has resulted in inflation, sometimes even hyper-inflation, with devastating consequences for domestic economies.

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Timely Access to New Pharmaceuticals in Canada, the United States, and the European Union

Timely Access to New Pharmaceuticals in Canada, the United States, and the European Union is a new study that finds Canadian patients are waiting, on average, more than 450 days longer than Americans and Europeans to access new, potentially life-saving drugs. That’s because pharmaceutical companies are reluctant to launch new drugs in Canada because of a number of factors including the smaller market size, weaker intellectual property protections, and the federal government’s strict pricing policies.

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Canada’s Aging Population and Income Support Programs

Canada’s Aging Population and Income Support Programs is a new study that finds from 2020 to 2030, as a result of the growing number of seniors in Canada, the cost of Old Age Security and the Guaranteed Income Supplement will increase by almost 70 per cent, from $60.8 billion to over $103 billion.

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The Essential James Buchanan spotlights the famed American economist who pioneered the use of economics to understand how decisions are made collectively—particularly in politics.

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Money Following Patients: A Better Way to Pay for Universally Accessible Hospital Care

Money Following Patients: A Better Way to Pay for Universally Accessible Hospital Care is a new study that compares Canada’s health care funding model to that of 28 other countries that provide universally accessible health care. Only five—Canada, Ireland, Iceland, Luxembourg and New Zealand—still largely fund hospitals with lump sum payments, while all of the other 23 countries with have adopted per-patient funding models, otherwise known as activity-based funding.

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Measuring Ontario’s Regional Prosperity Gap

Measuring Ontario’s Regional Prosperity Gap is a new study that compares average incomes in Ontario, Quebec and eight American states in the Great Lakes region. It finds that in 2019, Ontario’s GDP per person trailed neighbouring Michigan by nearly $4,000, and in fact, Ontario lags the regional average GDP per person by $16,607, or 27.1 per cent.

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The Implications of Slowing Growth in Canada’s Labour Force

The Implications of Slowing Growth in Canada’s Labour Force is a new study that finds Canada’s shrinking labour force participation rate will likely hinder economic recovery and contribute to rising budget deficits in governments across the country. The percentage of Canadians working or looking for work has continued to drop for decades, predating the COVID-19 pandemic.