Where is the gold in equalization pot?
In this column from the National Post, William Watson considers the message delivered by Nobel Laureate James Buchanan at a conference hosted by AIMS, the Montreal Economic Institute and the Frontier Centre for Public Policy. Held in Montreal on October 25, 2001, the conference considered whether equalization is really a helping hand or simply a welfare trap for provinces. After considering Buchanan’s fears that equalization programmes can be captured and destroyed by politics and bad design, Watson observes that, “If equalization weren't already in place, perhaps we wouldn't feel the need to invent it.” Publication: NP, October 27, 2001