Monetary Policy vs Fiscal Policy: Canada/US History

[August1991]

Pierre Berton was wrong about the railway, railroad, the so-called National Dream.

1. The significant difference between Canada and the US is our monetary history.

2. In Fall 2008, I was astonished when Bernanke stood beside Bush Jnr.

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In Canada, like Keynes, we have always kept money separate from government.

 

 

[August1991]

The Americans do weird things: they made their Fed chair a Treasury Secretary.

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Weird? Carney is now about to become our PM.