As claimed by this AP article: http://www.google.com/hostednews/ap/article/ALeqM5hM5MvpNJ2D2tMn8sVqk_qKObY8DwD9GF5JBO0 Here’s a portion of the article: I’m assuming that most Canadian politicians embrace Keynesianism as well but is the Canadian economy only slightly more sound because Canada does…

There was no mortgage meltdown or subprime crisis in Canada. I’m pretty sure that this is just factually incorrect. The crisis started to hit later but it is there. I believe Giant_Joe posted about it months ago.

I replied to this on another forum, using slightly harsher language than what I use here. But basically: We are are going to be facing it now. Just because we don’t call any of our no-money-down-don’t-have-to-prove-income home loans “subprime” doesn’t make it any better than subprime. We’re even w…

In some ways Canadian banks are and have been less regulated than American banks. This is why they had no bank failures during the Great Depression.

This is true, Solid_Choke. In fact, a brief knowledge of the history of Canadian banking and American banking would lead anyone to conclude that Canada has had a freer market in banking than in the US when considering government regulation. I believe it has lead to less failure and systemic risk in …

I always thought it had something to do with the “zero inflation” policy of the Canadian Central Bank. Zero is still lower than “small but positive”. Throw in a modest growth economy, and one can see that, for Canada, a zero-inflation target translates into a 5% top increase in the money supply per a…

The economy in Canada is like much better than that of those US hosers, you know eh?

Canadian banks didn’t fail because the Canadian government was politically committed to them not failing.

The Canadian banks did get bailed out, albeit in a more stealthy and clever manner than their American counterparts. http://krugman-in-wonderland.blogspot.com/2010/02/krugman-and-canadian-bacon.html

Canada has its own housing bubble too. And it will burst soon. http://globaleconomicanalysis.blogspot.com/2010/03/canadian-credit-bubble-in-pictures.html http://globaleconomicanalysis.blogspot.com/2010/05/hosed-in-canada-housing-crash-is-given.html http://globaleconomicanalysis.blogspot.com/2010/…

Can I get a link or some info about this? Thanks, nir. Yes, right here: http://www.globalresearch.ca/index.php?context=va&aid=12007 (one of the links in the Krugman in Wonderland blog entry) I’d tell this bit to more Canadians, but since we didn’t make a big fuss about it on the news, they’d thi…

Canada's economy is suddenly the envy of the world?

Economics Economics Questions

nirgrahamUK June 22, 2010, 5:18am 15

Can I get a link or some info about this? Thanks, nir.

https://forum.freecapitalists.org/t/fractional-reserve-banking/4329/266

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Canada's economy is suddenly the envy of the world?

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