Few experiences are as emotionally wrought as seeing a loved one succumb to a deadly infection. Yet setting emotion aside is precisely what must be done in order to rationally evaluate the efficacy of Canada’s response to Covid-19. A rigorous review of our performance to date will be crucial in dealing with future crises, including a possible second wave of the coronavirus. Two weeks ago, Gwyn Morgan made the moral case against damaging economic lockdowns. In a new and original academic analysis, economist Herbert Grubel provides the hard numbers to back up Morgan’s plea for a more rational approach to saving lives.

Government deficits are soaring, the economy is reeling and the restart is slow and halting. Nobody knows what lies ahead. How the federal Liberals plan to handle Canada’s tectonic shift in public debt is anybody’s guess. In Part I of this two-part report, Matthew Lau described the challenge our country faces and evaluated two of the most destructive options for dealing with the Covid-debt. In Part II, Lau sets out what would happen if Ottawa decides to engineer a return of high inflation, and then explores more practical options for addressing our enormous post-pandemic indebtedness – including the one method that has worked decisively at the federal and provincial levels.

In many ways these are magical times. Governments seemingly exist to protect us from all harm and negative consequences. When a pandemic hits, the existing gusher of public spending becomes an unchecked torrent, interest rates are lowered to effectively zero, yet inflation remains caged. Almost any item large or small can be purchased with instant credit on easy terms. Individuals, organizations and groups in trouble are showered with financial beneficence. But where is the money actually coming from? Who, if anyone, is to pay for it all? Can nothing bad come of the unprecedented profligacy? Matthew Lau reminds us that reality will reassert itself and when the spell is broken at last, potentially ruinous consequences lie in wait. Lau evaluates the options available to debt-burdened governments – most of them bad. Part I of a two-part analysis.

The days are at their longest, everything’s blooming, summer is nigh and Canadians are increasingly going about their regular lives. Spirits are lifting. And serious questions are being asked. Like Plato’s cave-dwellers emerging out of the darkness, we are blinking in the dazzling light of our 5 am northern dawns. What just happened? Do the claimed but unprovable benefits of the pandemic response stack up against the staggering quantifiable damage? Could we have done better? Gwyn Morgan takes a clear-headed look at these questions and prescribes some principles to dig our way out and avoid a needless repeat.

The infirm and chronically ill seniors who live in long-term care facilities are among Canada’s most vulnerable populations. So too, it seems, are the executives and investors who own and operate many of those nursing homes. The first group is vulnerable to disease and neglect. The second is suffering from aggressive ideological attacks by unions, left-wing academics and politicians who casually accuse them of being greedy “dehumanizing” villains, and are now plotting the expropriation of their entire business. Peter Shawn Taylor seeks to clear the air in this thoroughly reported account of how Canada’s long-term care sector really works.

Canadian conservatives have most of the summer to ruminate on what they want their federal party to become – as embodied by their soon-to-be elected leader, anyway. Acceptability, likability and winnability will be key criteria. Above all, however, should be crafting and advancing a compelling policy alternative to today’s managerial liberalism, which has been inflated by the pandemic almost beyond recognition. Mark Milke offers a forceful rebuttal against the Conservative “alternative” comprising little more than a massaged form of top-down management.

What does conservatism do, above all? It works. In the great debate about whether Canada’s federal Conservative Party should be defined by libertarians, populists, free traders, Harperites or Red Tories (new or old-style), it bears keeping in mind that Conservatives above all need to craft a party that, if elected, can make the country work. Sean Speer and Sam Duncan argue that the world has changed beneath our feet, so much that the post-Cold War order itself is fading into history. If Canada is to thrive and grow, our nation must adapt, and if they are to lead the way, Conservatives must eschew dogma and see the world as it really is.

Covid-19 poses a grave threat to many things: nursing homes, music festivals and café culture among them. But what of its broader implications? The coronavirus cares nothing for identity, imaginative individual rights or past grievances. It is severely undermining globalist fantasies. And recovering from its ravages seems likely to reward countries that focus on conservative values of pragmatism, frugality, duty, markets and tradition. Patrick Keeney charts the likely fortunes of conservative and liberal convictions once the pandemic recedes.

Everyone can agree public pension funds should be protected from political interference. But such abuse comes in several forms, some stealthier than others. Unaccountable investment managers indulging in the latest fads and activist demands – energy transition, anyone? – pose perhaps the greatest threat of all to retirees’ returns. George Koch argues that, paradoxically, elected office-holders are the public’s best defence against politically-motivated and potentially ruinous pension fund shenanigans.

Clear skies in once-smoggy L.A. Wildlife wandering through cities and bedding down in parks. Deserted streets. Idled factories. For the left, the pandemic has created a convenient waypoint on their path to utopia. To the rest of us, it has furnished a nightmarish vision of a potentially destitute future, and a wakeup call to focus on what it might take to revive our economy. For Matthew Lau, the choice is clear. And while news media reports continue to promote fanciful progressive agendas, Lau sees encouraging signs that the imperatives of survival will enable practicality and common sense to prevail.