Tausi Insider

Prime Minister Justin Trudeau and Deputy Prime Minister and Minister of Finance Chrystia Freeland in the House of Commons on Parliament Hill in Ottawa, on Nov. 3. Justin Tang/The Canadian Press John H. Cochrane is a senior fellow of the Hoover Institution at Stanford University and author of The Fiscal Theory of the Price Level , available January, 2023. Jon Hartley is a PhD student in economics at Stanford University and a research fellow at the Foundation for Research on Equal Opportunity. The most important source of Canada’s inflation is simple: Starting in 2020, the government borrowed more than $700-billion, and mostly handed it out. People spent it, driving up prices. It was, of course, proper for the government to help people and businesses gravely hurt during the COVID-19 pandemic. And debts and deficits do not automatically cause inflation – Canada can borrow an immense amount without an impact on the price level if the government has a believable plan for repayment. But t...

To master the world you must master yourself, advises Toronto-based executive coach Craig Dowden. And high on the list of what you must master are your mindset, emotions and strengths. Our mindset affects how we process information and affects our experiences. “Imagine you’re getting ready for an upcoming meeting and are thinking, ‘This is going to be torturous and a complete waste of time.’ Guess how the meeting turns out?” he writes in A Time to Lead . Mr. Dowden places great stock in having a “growth mindset,” in which we are energized about new opportunities, rather than a fixed mindset, in which we prefer tasks we already do well and don’t expect to make mistakes. A growth mindset allows us to handle challenges and setbacks better, because we have a more flexible approach. Indeed, for those with a growth mindset, a setback becomes a puzzle to figure out rather than a reason to give up. We are likely to put more effort into improving ourselves because we believe such change is p...

A looming recession might provide a big push in the adoption of AI as weak economic conditions always provide the impetus for using machines to cut costs and raise productivity. Martin Meissner/The Associated Press As we prepare to kick off 2023, we are doing so knowing that the global economy is faltering while organizations are still being squeezed by high costs. On top of that, even a recession might not make much difference to the tight labour market they face. With technologies improving by leaps and bounds and companies looking for ways to improve the bottom line, the timing is just right for a huge uptick in AI use in a way that could transform the economy and labour market. When it comes to embracing AI, Canada is near the forefront. According to the 2021 Global Vibrancy Ranking on artificial intelligence from Stanford University, the country is in fifth place, behind the United States, China, India and the United Kingdom. The index is calculated using a number of metrics, i...

On Monday, Bloomberg reported the Consumer Product Safety Commission would consider a ban on gas stoves , causing everyone from Republican politicians to cooks on Twitter to promptly lose their minds and begin insulting electric stoves.   If you were among them, don’t panic: A gas stove ban is unlikely, especially in the immediate future. Here’s the thing, though: Maybe we should ban gas stoves. A growing body of research suggests gas stoves can be dangerous to live and breathe around, while electric stoves aren’t. Plus, electric stoves are pretty great, actually, and wholly undeserving of their crappy reputation. Here are four reasons why. Electric stoves don’t leak methane or nitrogen dioxide into your house A huge benefit to electric stoves is that they don’t use gas and therefore can’t leak it into your house. More and more research shows that gas stoves do exactly this: In 2022, researchers from Stanford University found that gas stoves emit methane gas via “post-meter lea...