Comment 72523

By ScreamingViking (registered) | Posted December 24, 2011 at 00:20:51 in reply to Comment 72487

There is no fiscal constraints on a nation that issues its own currency, which Canada does. The only issue is debasement of the currency.

Pretty big issue though, is it not? Particularly for a nation that imports so much of its consumer goods? And whose manufacturing industry is reliant on purchases of foreign equipment necessary to improve production?

A devalued Canadian dollar makes those things much more expensive, ceteris paribus.

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