|
Lest we forget, there is also a cycle in economic theory that predicts eventual downturns. Growth seems
to occur until rampant spending and credit exceeds true wealth, and factors like the Bush admin.'s
wild spending and Clinton's credit free for all make it worse.
In Canada, we did not change our banking laws in accordance with yours (for once, thank god).
Also, during the late 90's early 00's we paid down some of the national debt with the surpluses of the
time. Our negative effects are primarily due to the fact that your economy is so vastly important to our
survival that as the old saying goes "When the US sneezes, Canada catches a cold."
__________________
Propaganda is to a democracy what the bludgeon is to a totalitarian state.
-Noam Chomsky
Love is a verb, not a noun.
-My Mom
The function of genius is to furnish cretins with ideas twenty years later.
-Louis Aragon, "La Porte-plume," Traite du style, 1928
|