Bill Mitchell — Canada–MMT poster child?

On August 10, 2015, the Library of the Canadian Parliament released one of their In Brief research publications – How the Bank of Canada Creates Money for the Federal Government: Operational and Legal Aspects – which described the operational interactions between the Bank and the Canadian Treasury that facilitate government spending in some detail. It allows ordinary citizens to come to terms with some of the essential capacities of the currency-issuing Canadian government, which Modern Monetary Theory (MMT) highlights as a starting point towards achieving an understanding of how the monetary system operates....

Important!

Bill Mitchell – billy blog
Canada – MMT poster child?
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Brian Romanchuk — Bank Of Canada Hawkishness Ramping Up

Developed central bank hawkishness has been increasing over the past weeks, signalling a new consensus (or groupthink) among global policymakers. Such a shift should not be too surprising, given the biases of central bankers. In particular, the shift by the Bank of Canada is a reversion to historical form; whether or not it will be disastrous remains to be seen.

Bond Economics
Bank Of Canada Hawkishness Ramping Up
Brian Romanchuk

Ralph Musgrave — How private bankers enslaved Canada

This is a brilliant article by Ellen Brown about how the Canadian government used to borrow from its own central bank at a zero rate of interest till 1974, when it was persuaded by the Basel Committee to borrow instead from private banks.

Of course the private banks didn’t actually have the funds to lend to the Canadian government: those banks just created the money out of thin air. They did a few book keeping entries and charged billions for doing so: something the Canadian central bank had long been doing for decades and at no cost to taxpayer/citizens.

The incompetence and the stupidity are a wonder to behold. Or perhaps, as Ellen Brown points out, it’s not stupidity at all: it’s very likely a case of private bankers pulling wool over the eyes of politicians and central bank staff. And to some extent it will be a case of private bankers who manage to get into positions of power at central banks pulling wool over everyone’s eyes, and as a reward, being offered lucrative jobs at a private bank on leaving their central bank.

Ralphonomics
How private bankers enslaved Canada
Ralph Musgrave

Marc Lavoie and Mario Seccareccia — Has Canada contracted "Dutch disease"?

Has Canada contracted "Dutch disease"?

The Progressive Economics Forum
Selective Amnesia at the Bank of Canada
Marc Lavoie and Mario Seccareccia, Department of Economics, University of Ottawa

Travis Fast — Is Canada is the ultimate MMT playground?

Unlike other jurisdictions Canada has a sovereign currency and a central bank that is explicitly allowed to buy both federal and provincial debt. It is all right here in Article 18 of the Bank of Canada Act.

Read the rest at Relentlessly Progressive Political Economy
Is Canada is the ultimate MMT playground?
By Travis Fast
(h/t Clonal in the comments)