Economics

Six days you shall labour and do all your work….” – Exodus 20:9

Our labour, and how we spend our finances, can function as an important part of fulfilling our cultural mandate. In Genesis 1 God commanded us to develop the earth and rule over it. We work to glorify God – not just to put food on the table. Our work, finances, and all material possessions come from God and are meant to be directed towards Him.

 
Helpful sites/organizations

02 Jun 2010 Policy group defends funding changes for NGOs

OTTAWA, June 2 /CNW Telbec/ - The Canadian Centre for Policy Studies, an independent public policy think-tank, is applauding the federal government's review of grants made by the Canadian International Development Agency (CIDA) to Non-Government Organizations, calling the effort "long overdue." "Many NGOs receiving CIDA grants do terrific work on behalf of Canadian taxpayers," said Joseph Ben-Ami, president of the Centre, "but many are also heavily involved in political advocacy, some exclusively so."
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31 May 2010 Living wage for municipal workers misses the target

By Helen Ward (Vancouver Sun, May 28): Vancouver city council, following New Westminster's lead, will vote on a "living wage" of over $18 an hour for municipal workers. Economists promoting this garner support by claiming living wages help families and reduce child poverty. But do they? Does a policy targeting city workers also efficiently benefit low-income families? The assumption is yes, but what is the reality? [Read the rest of this excellent article here.]...

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12 Apr 2010 www.DebtClock.ca

Canada's debt continues to grow. We demand more and more without consideirng the moral implications of putting this debt (and interest payments) on future generations of Canadians. Check out where our debt is at, and why this matters, at www.debtclock.ca....

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04 Mar 2010 Cardus Analysis of Budget: Long-Term Talk Masks Short-Term Thinking

ARPA Note: Ray Pennings is the speaker for ARPA's upcoming event in Parliament on May 4th, 2010. Also, read the Institute of Marriage and Family Canada's press release about the budget here. OTTAWA, March 4, 2010—Ray Pennings, Director of Research for Cardus, expressed concern that expressed concern that although today's federal budget rightly focuses on returning the books from deficit to surplus, it pays too little attention to imminent deficits in elder care, charitable service and broad social architecture.
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18 Feb 2010 Parliament Report Sounds Alarm: Low Birth Rate + Ageing = Financial Crisis

OTTAWA, February 18, 2010 (LifeSiteNews.com) - One of the first official reports to indicate the disastrous consequences of Canada’s long-term below, replacement birth rate was released in Ottawa today by Parliamentary Budget Officer Kevin Page.  While pro-life leaders have been warning of the impending disaster for years as abortion and contraception have wreaked demographic havoc, the financial fallout is beginning to strike home to governments worldwide.
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16 Feb 2010 Canadian Households Sinking Further Into Debt: Study

National Post, Feb 16, 2010: The study showed the average Canadian household debt climbed to $96,100, creating a debt-to-income ratio of 145 per cent in 2009, the highest it has ever been. "Under this scenario, some 1.3 million households could have a vulnerable or dangerously high debt service load by 2011," the report stated. [Read the full story here.]...

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23 Oct 2009 CMHC bubble is 100% made in Canada

ARPA Note: We are looking for insight and feedback about the issue below and the broader topic of applying our Christian worldview to the current financial situation. Please email info@arpacanada.ca with your comments, thoughts, or suggestions of who would be good to speak to this. Diane Francis, Financial Post  Published: Thursday, October 22, 2009 -...

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19 Jan 2009 The Case for a Balanced Budget

By Kevin Gaudet, Canadian Tax Payers FederationAs the Harper government prepares to take Canada back into substantial multi-year deficits, the Prime Minister should be mindful of advice from the famous French philosopher Blaise Pascal.  He wrote: “In each action we must look beyond the action at our past, present, and future state, and at others whom it affects, and see the relations of all those things. And then we shall be very cautious.”   A look at the past, present and future of government spending, deficit financing and their impact reveals...

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20 Nov 2008 What’s Good for GM: No Bailout

Chuck Colson's Breakpoint Commentary, November 20, 2008 Imagine if the parable of the Prodigal Son went something like this: After wasting his inheritance, the son returns to the father. But instead of repenting and asking the father to take him back as a slave, the son says, “Dad, I’ve made a mess of things. Could you spot me some cash so I can get out of this hole?” Well, essentially, that’s what the Big Three automakers and the United Auto Workers are doing...

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12 Dec 2007 Two Tales of Trade for Teens

by Jon DykstraAs Christians we know that man is prone to all sorts of evil, but we often forget that man is also prone to all sorts of stupidity. Much damage is done by well meaning people who embrace a bad cause – they aren’t trying to do evil, just the opposite in fact, but evil is done because these “good” people are acting out of their ignorance. In Economics this well meant ignorance has often caused serious harm. For example, most of us would be against any sort of child labor. We abhor child labor, especially when the alternative is sending these same kids to school instead. But when the compassionate campaign against child labor moved Nike and Reebok to close plants in Pakistan and lay off 50,000 child workers in Bangladesh, these children didn’t go to school instead. The reason they were working in the first place was because they needed the very basics of life, so when they were laid off, thousands turned to prostitution, crime or simply starved to death.[1]
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