Shadow banks have revolutionized digital investing

The decentralization genie is out of the bottle

Shadow banks have revolutionized digital investingUnderneath all the media brouhaha and institutional focus on bitcoin, a struggle is brewing in the crypto world: which altcoin will pick up the baton? A fierce competition is underway for the podium, with Ethereum having a clear first-mover advantage. Bitcoin, as economists and investors such as Larry Summers and Ray Dalio have come around…

The misguided mission to cut Canada’s cellphone rates

Price controls undermine investment, remove incentive for innovation and backfire for consumers

The misguided mission to cut Canada’s cellphone ratesThere’s a pervasive belief in Canada that wireless phone service prices are a ripoff. To suggest otherwise is heresy. Countless commentaries provide fodder for this belief, and every few years a politician takes on the purported problem. In the mid-2010s, for example, Industry Minister James Moore supported the entry of Verizon, although the U.S.-based prospective…

Cryptocurrency regulations don’t serve customers

New Canadian rules shift all the burden and risks to consumers, and may push away investors

Cryptocurrency regulations don’t serve customersBy Daniel Duarte Research associate Frontier Centre for Public Policy Canadian regulators are putting a crosshair on exchanges that hold cryptocurrencies for their clients. This business model, also called a custodial or centralized exchange, is prevalent all over the world but is headed for extinction in Canada, setting back the nascent financial technology (fintech) industry.…

Medical marijuana can help end opioid crisis

A variety of studies show cannabis is a viable pain-killing alternative, and it has been successfully used to help addicts kick opioids

Medical marijuana can help end opioid crisisBy Daniel Duarte Research Associate Frontier Centre for Public Policy Over the last decade, Canada has been among the top three countries with the highest per capita opioid consumption. With 3,023 opioid-related deaths in 2016, 4,120 in 2017, and 4,588 in 2018, the problem appears to be escalating quickly despite numerous federal and provincial initiatives.…