I was recently talking to a Canadian who was of course boasting about how they have tighter regulation, more social services, but no crash or 10% unemployment. I'm trying to pinpoint why this would occur and I've come to a few theories, some being that because Canada has more social services it can pick up the slack in unemployment, but I've also been curious about the Canadian Central Bank and their role in the economy. Have they been as loose in credit as ours has? I can't find any stats on it to compare. I'm probably missing a few key things but something tells me that their situation isn't as simple as "bigger government = better economy".
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