Professor at l’École Nationale d’Administration Publique in Montreal, and Senior Fellow of The Fraser Institute. Dr. Palda received his Ph.D. in Economics from the University of Chicago.
|[A] dilemma ... forces interest groups to despoil the open commons of the treasury to everyone’s detriment. Farmers in Saskatchewan who do not demand subsidized crop insurance leave Ottawa’s resources available to East Coast businesses demanding subsidized loans for regional development projects. In the end, both groups pay for their subsidies through higher taxes and both would be better off if they could sign a peace treaty that ended handouts and let each focus on doing business.|
Dec. 2000 - from "Bad Canadians? No, Bad System", published in the Fraser Forum