“The power under the constitution will always be in the people. It is entrusted for certain defined purposes, and for a certain limited period, to representatives of their own choosing; and whenever it is executed contrary to their interest, or not agreeable to their wishes, their servants can and undoubtedly will, be recalled.”
~ George Washington (1787)
Wednesday, May 16, 2012
The Canadian Loonie in Iceland
In 2008, Iceland suffered a collapse of their financial system. This article from the Financial Post does not offer any sage advice for Americans and our current problems, but the well described consequences are to be avoided.
