There is a tonne of pressure in some circles to build a new stadium (oops) entertainment complex in Regina, Saskatchewan. Without considering any of the other pros and cons, from a purely Keynesian perspective it does NOT make sense to build one now when Saskatchewan has the booming-est economy in Canada, net immigration is staggeringly high, real estate prices are still rising rapidly, unemployment is lower than anywhere else in Canada, and people are having a difficult time finding places to live.
If there is one thing Regina does not need now, it is fiscal stimulus. In fact, from a Keynesian stabilization perspective (of which I'm pretty skeptical, I'll admit), it would make more sense to try to dampen demand in Saskatchewan; that means an appropriate policy would be to increase taxes here in Saskatchewan and cut back on gubmnt spending in the area.
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