tag:blogger.com,1999:blog-8839412.post1631568410965082882..comments2024-03-19T07:48:54.021-06:00Comments on Gus Van Horn: Stossel's Fed UpGus Van Hornhttp://www.blogger.com/profile/05126749051688217781noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8839412.post-65697852311703562982013-10-31T03:45:30.743-06:002013-10-31T03:45:30.743-06:00Very interesting link.
The story, by making me c...Very interesting <a href="http://www.mcclatchydc.com/2011/01/11/106599/few-foreclosures-no-bank-failures.html" rel="nofollow">link</a>. <br /><br />The story, by making me curious as to whether Canada has a central bank, caused me to learn that Canada formed one in 1934. That means that the lack of a central bank could not entirely explain the absence of bank failures in that decade. The article you bring up <i>does</i>, however, indicate that the essential answer -- that the economy there was (and is) less regulated than ours in some important respects -- is correct.Gus Van Hornhttps://www.blogger.com/profile/05126749051688217781noreply@blogger.comtag:blogger.com,1999:blog-8839412.post-49031358163805201822013-10-30T10:52:23.767-06:002013-10-30T10:52:23.767-06:00Not only did Canada's banks escape failure in ...Not only did Canada's banks escape failure in the Great Depression, but not a single one failed during the recent U.S. crisis now dubbed the Great Recession. Moreover, fewer than 1 percent of all Canadian mortgages have been in arrears.<br />More: http://goo.gl/JOjHcj<br /><br /> Vigilishttps://www.blogger.com/profile/05051789616490005367noreply@blogger.com