Arthur Donner - Comments
Economic Consultant

Arthur Donner is a Toronto-based economic consultant with a lively interest and involvement in economic policy issues. Arthur has the ability to make complicated economic issues understandable to widely different audiences. Consequently, his career has moved between universities, governments and ... more

Latest Comments
An Unconventional US Recession, An Unconventional Recovery And The New Economic Normal?
1 month ago

Thanks for your comments.

The US has always had a problem dealing with its poor.

The problem became more exaggerated by recent events, including the covid recession.

IMF's Gloomy Global Economic Projections
2 months ago

I agree the outlook is very risky.

thanks for your comment

We Are Trapped In A Phase Of Major Unknowns
2 months ago

I beg to differ. The risk we face is deflation, not inflation.

Where Has All This Printed Money Gone To?
3 months ago

NIce column

Your point on MV=PY is instructive. Could it be the defn of money has changed. Really all you can say is that the velocity of money, conventionally defined, has fallen.

But what about money substitutes, which move far beyond the conventional defn.?

A related point. It is often not realized that when the demand for money falls, Ceteris Paribus, the money supply shrinks. (the money stock is determined at the intersection of the supply and the demand curves)

That is, the money supply is a function of both the demand and the supply of money.

Your conclusion on the macro effects are right on.

Coronavirus And Trump's Clever Inadequacy
7 months ago

Great series of insights Gary.

All the best,


The Natural Rate Of Interest Is An Esoteric Concept That The Fed Pays Attention To
7 months ago

thanks Gary

Good charts or tables should easily tell a story.

That's why I like using charts.

Serious Problems For Germany’s Manufacturing Sector, Auto Production Restructures In The Direction Of Electric Cars
8 months ago

HI Gary,

Thanks for your comment.

No doubt Trump can make Germany's problems worse.

But 2020 is an election year. My political guess is that he would want to avoid another trade dispute at this time. (After all, the China phase 1 was hardly a win for the US)

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