![](https://www.iedm.org/files/image/ddescoteaux2015.jpg)
3-minute read
Les enfants
Quebec must resolve its deficit and repay its debt.
![](https://www.iedm.org/wp-content/uploads/2021/11/AdobeStock_253302687_canadian_money_iedm-570x416.jpg)
1-minute read
Think twice before going deeper into public debt: lessons from the Canadian experience
It is easy and tempting for politicians to let deficits soar and to dig more deeply into public debt. No country can escape this. In France, the proposed government deficit for 2010 is equal to more than one-third of gross tax revenues. The Moody’s rating agency says world sovereign debt is likely to go from 63% of world GDP in 2008 to 80% in 2010. It is essential to think twice before yielding to this easy "game." This game is dangerous. Unless public debt is brought under control, governments run the risk of leading their countries into bankruptcy.
![](https://www.iedm.org/files/image/ddescoteaux2015.jpg)
3-minute read
Le cigarettegate
High taxes don’t mean fewer smokers.
![](https://www.iedm.org/files/image/nelgrably.jpg)
4-minute read
La mélodie du bonheur
Quebec must resolve its deficit and repay its debt.
![](https://www.iedm.org/files/image/ddescoteaux2015.jpg)
3-minute read
La checklist du mendiant
Quebec’s finances plunge into the red.
![](https://www.iedm.org/files/image/nelgrably.jpg)
4-minute read
La fête est terminée!
A portrait of Quebec’s public finances.
![](https://www.iedm.org/files/image/ddescoteaux2015.jpg)
4-minute read
L’État est fauché, mais les subventions pullulent
Subsidies to the private sector.
![](https://www.iedm.org/files/image/ddescoteaux2015.jpg)
3-minute read
Le Gros Prix de Montréal
Economic fall-outs: are they for real?
![](https://www.iedm.org/files/image/nelgrably.jpg)
4-minute read
Où est le gros bon sens?
Cut spendings to reduce the deficits.
![](https://www.iedm.org/files/image/ddescoteaux2015.jpg)
4-minute read
D’un prédateur à l’autre
An update on USA’s housing bubble.