Kevin Carmichael on Muck Rack

Kevin Carmichael

Verified
  • Economics Columnist and Editor at Large, The Logic
Montreal
As seen in: The Logic, MSN Canada, NBC News, The Wall Street Journal, Euronews, The Globe and Mail, Atlanta Business Chronicle, Flipboard, National Post, Toronto Sun, Financial Post and
Economics Columnist, The Logic
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Articles

Carmichael: The age-old trade problem Carney’s trying to solve with food

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By Kevin Carmichael Verified
| The Logic Verified
It’s the heuristic at the core of modern globalization. Classical economist David Ricardo explained his theory of comparative advantage by showing why 19th century England should buy all its wine from Portugal, and why the Portuguese should acquiesce and buy all their cloth from British textile mills. Put that way, free trade made perfect sense. Mercantilism’s days were numbered. Take another look at Ricardo’s sketch of how trade benefits everyone. What do you see?
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Canadian GDP jumped in April, dispelling recession worries

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By Kevin Carmichael Verified
| The Logic Verified
Gross domestic product rose 0.5 per cent from March, and Statistics Canada said early data suggest the economy grew 0.1 per cent in May, amid strength in oil and gas, finance and government spending. (The Logic) Talking point: The latest tally of economic output should quiet the histrionics that followed Statistics Canada’s report of first-quarter GDP, which described a slow patch that met the most basic definition of a recession.
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Carmichael: Was Chicken Little stirring panic, or just taking precautions?

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By Kevin Carmichael Verified
| The Logic Verified
Chicken Little was misunderstood. Yes, she inadvertently led Ducky-Lucky, Goosey-Loosey and the rest of her friends into the maw of the conniving Foxy-Loxy. But as far as Chicken Little knew, they were all facing certain death anyway. Though they ended up in a carnivore’s den, at least she gave them a chance to survive. If the sky really were falling, their odds of survival were zero.
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