AmSoc was once so much further "ahead" than CanSoc...
Hutchison recounts King's recollection of a wartime meeting with FDR. "'I said to Roosevelt last time we met, how do you expect to go on spending all these billions out of deficits? The President said, well, Mackenzie, my family has held French securities since before the Revolution and they're still paying interest; why can't we do the same?' At this revelation of Roosevelt's economic adolescence, King raised his hands in a gesture of friendly despair. It was hard, he confessed, to see what would come out of this dizzy sort of financing."