Hi Billy, On Aug 30, 2011, at 2:00 AM, [email protected] wrote: > By now it should be clear that Canada was an economic anomaly in a world > falling apart through the duration of the global recession that began in > 2007. As the crisis in Europe continues to spread and the US economy reels > after narrowly averting national default, while Canada contemplates > interest-rate hikes amid a broadly strengthening economy, it appears this is > a story that has little changed. Insofar as this aberration is not to be > entirely attributed to the conspiracy of fortuitous circumstances, the most > logical explanation is to be found in the differences in policy between > Canada and the rest of the developed world and, further, that this difference > consists most convincingly in its relative restraint of government spending > both immediately following the financial crisis and throughout the preceding > decades. > > Very interesting analysis. I am always skeptical of someone recounting a narrative that so closely matches what they've always preached, so I'd love to hear contrary arguments. Still, at first glance it certainly seems Canada did better with a (relatively?) minimal stimulus than we did with a big one.
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