I have to take issue with this statement by the Bank of Canada Deputy Governor made this morning to the House of Commons Standing Committee on Finance.  Without a full and proper understanding of the crisis, how can our leaders be exepcted to appropriately address it.  In particular this is central bank advice to the House of Commons.  Yes a global solution is required, but no it begain inside all countries borders, and here is the Canadian experience followed at this blog. Opening statement by Pierre Duguay Deputy Governor of the Bank of Canada to the House of Commons Standing … Continue reading Memo to BofC | Canadian lesson ought to be benefit of early co-operative action – not “it began outside … “