Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: Olog-hai

Because they can create monetary policy that most favours them. Canada, for example, could adopt the American dollar as its currency. We would gain the benefit of lower interest rates, because we are using the world’s reserve currency.

The disadvantage is that we would be stuck with the consequences of US’s monetary policy if it turns out that some of policies have negative effects on Canada’s economy.


7 posted on 05/04/2023 9:51:22 PM PDT by Jonty30 (Black widow spiders aren't the only species that eats their mate after finishing with them. )
[ Post Reply | Private Reply | To 3 | View Replies ]


To: Jonty30

So consider the current candidates for “reserve currency”. Do we want to have our monetary policy dictated by them?


8 posted on 05/04/2023 9:52:51 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson