Monday, February 1, 2010

Canadian banking ... boring but good

so says Paul Krugman of the NYTimes. As if we didn't know that!!

....Yes, I know, Canada is supposed to be dull. The New Republic famously pronounced “Worthwhile Canadian Initiative” (from a Times Op-Ed column in the ’80s) the world’s most boring headline. But I’ve always considered Canada fascinating, precisely because it’s similar to the United States in many but not all ways. The point is that when Canadian and U.S. experience diverge, it’s a very good bet that policy differences, rather than differences in culture or economic structure, are responsible for that divergence.

And anyway, when it comes to banking, boring is good.........

5 comments:

  1. Paul Martin for all the criticisms I've had of him, he's no Barney Frank! For all our socialism, we don't have federally subsidized mortgages.

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  2. 噴泉的高度,不會超過它的源頭。一個人的事業也是如此,它的成就絕不會超過自己的信念。 ....................................................

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  3. Sorry commentor above - looks like Blogger comments has a glitch where sometimes the comments are seen like tiny squares.

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  4. It a message in Kenji...probably spam.

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  5. Thanks Balbulican - I had no idea. First I thought Blogger had a block for expletives and I tested with some pretty choice words, but they got published. :} :} I deleted that before someone like you learns the good stuff from me. :}:}

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