There is a sound public policy case for subsidizing R&D. When firms perform R&D, they create knowledge that allows them to introduce new products, improve existing goods and services or reduce production costs. However, some of the knowledge created inevitably leaks out or spills over to other...

The current federal fiscal framework is imprudent and unfair to future generations. A new approach to fiscal policy is needed.The government has demonstrated a bias for deficit financing. Budgets from 2016 to 2019 showed deficits throughout each five-year forecast horizon. A commitment to...