Laureate William Nordhaus’ research shows that the most efficient remedy for problems caused by greenhouse gas emissions is a global scheme of carbon taxes uniformly imposed on all countries. The diagram shows CO2 emissions for four climate policies according to his simulations.

59 years ago today, Yuri Gagarin became the first human to leave Earth and travel to space. After an eternity confined to Earth, we took our first small steps into the vastness of the Cosmo. Today, we are still only just beginning to scratch the surface of what is out there.

Great to see one of the most mysterious relationships between #inflation and #oil is finally highlighted. To add to my comments there, more is in the paper oxfordenergy.org/publications/i… #ECB #Fed #OOTT

#oil correction was driven by CTAs following curve-momentum trigger (details below) that flipped negative last week #OOTT #algotrading jpmcc-gcard.com/digest-uploads…

After Legalizing Weed, Unemployment In Colorado Has Collapsed To Record Lows zerohedge.com/news/2017-06-0…

Forget Terrorism: The Real Reason Behind The Qatar Crisis Is Natural Gas zerohedge.com/news/2017-06-0…

Economics and policy in the Age of Trump voxeu.org/content/econom… Especially looking forward to Emily Blanchard's piece on NAFTA.

Canada's employment growth (YoY%) now highest since early 2013 and Alberta's is nearing pre-recession levels. #ableg #cdnecon

Latest data today on new vehicle sales: growth in AB sales reach highest level since 2011. #ableg

Extraordinary claims require extraordinary evidence. x.com/Dfildebrandt/s…

The ECB's Balance Sheet Is Now The Size Of Japan's GDP zerohedge.com/news/2017-07-1…

Share of 18-34 year old Americans living with their parents

Unemployment rates in Alberta, by age and gender, during the recession. #ableg

Can a wonky trade podcast be...fun? Soumaya Keynes & I are gonna try Trade Talks Podcast: Starts Sept 1 Teaser out now! piie.com/experts/peters…

In school, rarely do we learn how data become facts, how facts become knowledge, and how knowledge becomes wisdom.

Thus ends the strangest interprovincial trade dispute since QC's ban on butter-coloured margarine. x.com/EmmaLGraney/st…

Really great work by Statistics Canada on measuring cannabis economic activity. Here's their provisional estimates: statcan.gc.ca/daily-quotidie… Cannabis sector is larger than brewing, and 3x larger than tobacco. And spending by consumers ~$5.7B in 2017. #cdnecon

Odd, isn't it. Every reason given for Daylight Saving Time in summer months could just as well apply to winter months.

In his latest, Andrew Coyne 🇺🇦🇮🇱🇬🇪🇲🇩 asks ‘What is the worst part of the Supreme Court’s decision in R v Comeau?’ (Spoiler: it is tough to choose.) nationalpost.com/opinion/andrew… #cdnecon

The perennial cry to “Save Earth" is odd. Planet Earth survives massive asteroid strikes -- it'll survive anything we throw at it. But Life on Earth will not.