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http://www.sott.net/
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From: "John Feldsted" <jfeldsted@shaw.ca>http://www.sott.net/
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Subject: If Canadian spies found a flaw in the iPhone, would they tell Apple? Make the policy public, critics say
CSE has �responsibility� to be more transparent about its handling of software flaws says NDP MP Matthew Dub�
http://www.cbc.ca/news/technology/cse-c59-software-vulnerabilities-disclosure-matthew-dube-1.4508703?cmp=news-digests-canada-and-world-morning
The concept is ridiculous.
Our intelligence agencies exist to protect our nation and its people from attack.
We are employing highly skilled, well-paid experts to track information, analyse it and determine what risks, if any, Canada faces. They are not hired to maintain quality control over electronic products.
Requiring our intelligence community to warn manufacturers of product flaws is a waste of agency resources. The concept that our security services have an obligation to warn manufacturers (or the public) about product flaws is silly. A public warning about a product flaw will result in legal action by the producer. Then we can add legal costs and a possible damage award to the money wasted by having our spies act as product quality control agents.
Why can�t our MPs focus on real problems that plague us?
John Feldsted
Political Consultant & Strategist
Winnipeg, Manitoba
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From: Larry Kazdan
To: Vancouver Sun LetED <sunletters@vancouversun.com>
Subject: Re: Opinion: Federal finances vulnerable to economic slowdown due to deficits,
- Jason Clemens, Milagros Palacios, Niels Veldhuis February 1, 2018
- http://vancouversun.com/opinion/op-ed/opinion-federal-finances-vulnerable-to-economic-slowdown-due-to-deficits
- The federal deficit is significant not for its numerical size, but for whether it closes the output gap - the additional amount required after private sector spending to return the economy to full employment with price stability. Since households are loaded with debt, corporations are hoarding, and inflation is low, the federal government must inject more stimulus into the economy.
- Federal debt and deficits are always financially sustainable because our government owns the Bank of Canada and can never run out of Canadian dollars. That is why troubled banks line up for government bailouts during times of financial crisis.
- Pundits and politicians need to waste less time on statistical irrelevancies related to federal debt, and start focusing on looming real-world problems that actually threaten the health and welfare of Canadians. Dampening the economy through fiscal austerity would entrench long-term unemployment and exacerbate the many social ills that derive from increased poverty and inequality.
- Footnotes:
- 1. William Mitchell, Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), University of Newcastle, NSW, Australia http://bilbo.economicoutlook.net/blog/?p=35014
- "Governments should not aim for specific fiscal outcomes but rather, should aim to achieve full employment and price stability. At that point, the recorded fiscal outcome � whatever it is � will be unambiguously good.
- But by obsessing about the fiscal balance in isolation and setting up all sorts of rules and traps for governments, the mainstream economics narrative not only creates bad outcomes but leads governments to pursue bad policy.
- They are usually still left with deficits and rising debt � both of which are bad � in that context."
2. Economist Abba Lerner: Functional Finance http://bilbo.economicoutlook.net/blog/?p=5762
- "Governments should not aim for specific fiscal outcomes but rather, should aim to achieve full employment and price stability. At that point, the recorded fiscal outcome � whatever it is � will be unambiguously good.
-
- "Government should adjust its rates of expenditure and taxation such that total spending in the economy is neither more nor less than that which is sufficient to purchase the full employment level of output at current prices. If this means there is a deficit, greater borrowing, �printing money,� etc., then these things in themselves are neither good nor bad, they are simply the means to the desired ends of full employment and price stability �"
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