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How do you meaningfully compare a tiny economy like Canada’s to the 800 lb gorilla of the USA, the global military and economic superpower whose currency rules
by jamiek88 2y ago
How do you meaningfully compare a tiny economy like Canada’s to the 800 lb gorilla of the USA, the global military and economic superpower whose currency rules the world which is conservatively ten times larger than Canada and doesn’t need/act to police the global dollar trade?
Seems a non sequitur at best.
- eru 2y agoIn the relevant time period, the US was not the global hegemon, and there was no global dollar trade. Also a lot of the policy mistake in the US were made at the state level, and that is comparable in scale with Canada. In any case, it's easy to compare different economies, as long as you are careful what you are doing. And, if anything, overseas demand for your currency should make it easier to run your monetary and financial system.