If, as suggested by a pundit from a rival newspaper, Bank of Canada governor Mark Carney’s speech on Monday ranks up there with the Gettysburg address, then an analysis that appeared on this page on Thursday can only be compared with the wisdom and insight that would emerge from melding The Wealth of Nations with War and Peace.
It may seem a little incestuous to be praising to the skies When We were Europe, by Scotia Economics’ Derek Holt and Karen Cordes Woods, but it should be required reading for all U.S. and European policymakers, not to mention their Keynesian advisors, whose credibility is shrinking faster than the Wicked Witch of the West in a wet T-shirt contest.
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