Tag Archives: Canadian dollar

Amero – “Fix The Loonie”

I love it. An article in the National Post by economist Herbert Grubel (a senior fellow at the Fraser Institute and educator at the Chicago School) calls for Canadian politicians to “fix the loonie“.

I wonder: has Mr. Grubel not seen the equivalent of the charts that were posted earlier?

Does he really take Canadians to be that stupid?

Please. Stop already.

Tying our currency to a sinking ship is like … well, tying your currency to a sinking ship. A connection with the US dollar would guarantee that we go down with them and that we forever doom our manufactured goods, commodities and other products to economic oblivion.

The better way: disentangle ourselves from the US and reduce our dependency on them. Trade with more stable countries like Venezuela and Western Samoa.