Sandwalk: Canadian Dollar = American Dollar

Thursday, September 20, 2007

Canadian Dollar = American Dollar

Today, for the first time in 30 years the value of the Canadian dollar (loonie) reached parity with the American dollar. It's big news in Canada. Most people think it's a good thing but it's not necessarily a good thing at all. A falling (collapsing?) US currency may be good for America and bad for Canada. [Click on the chart to enlarge.]

If you want to see one reason why this isn't good for Canadians see Jennifer Smith's posting The Parity Blues.

7 comments :

T Ryan Gregory said...: Indeed. Movies set in Vancouver may soon be filmed in New York...; Thursday, September 20, 2007 8:06:00 PM
NickM said...: We better watch out, soon you Canadians will creep up on our football rules too. This means war!; Thursday, September 20, 2007 9:50:00 PM
Torbjörn Larsson said...: War? Because of sUSpicions™ of Weapons of Mass Markets? :-P; Friday, September 21, 2007 6:35:00 AM
Anonymous said...: This will make it more difficult to infiltrate your secret spy coins into the pockets of our defense contractors.; Friday, September 21, 2007 9:09:00 AM
Steve LaBonne said...: It sure cuts down on US tourism to Canada (ah for the good old days when a long weekend in Montreal was a great bargain), though many Canadians who don't have a direct financial interest in the tourist industry may consider that a good thing. ;); Friday, September 21, 2007 12:00:00 PM
Larry Moran said...: Steve LaBonne sasy,

It sure cuts down on US tourism to Canada ...

It's a bad thing, but you wouldn't know that there's anything bad about a falling American dollar from reports in the Canadian media. Most Canadians think it's just wonderful. It shows that Canada is a better country than the USA. What a bunch of deluded retards they are.

We don't know the net effect of a falling US dollar but it's probably going to be good for America and bad for everyone else. Not only will the USA be smiling as they run to the bank but, amazingly, all the other countries will also be smiling as they give up their money.

I wish I could come up with a scam like that.; Saturday, September 22, 2007 11:15:00 AM
TheBrummell said...: I don't know enough about economics to know about the advantages and disadvantages of the current situation to the USA and Canada.

It's both good and bad for me, though. Good, because now when I shop on-line for American products (games, books), I will pay less for them. Bad, because I'll be tempted to buy more things and I have essentially zero disposable income right now.

Longer term, I have no idea.; Monday, September 24, 2007 11:29:00 AM

Quotations

The old argument of design in nature, as given by Paley, which formerly seemed to me to be so conclusive, fails, now that the law of natural selection has been discovered. We can no longer argue that, for instance, the beautiful hinge of a bivalve shell must have been made by an intelligent being, like the hinge of a door by man. There seems to be no more design in the variability of organic beings and in the action of natural selection, than in the course which the wind blows.Charles Darwin (c1880)

Although I am fully convinced of the truth of the views given in this volume, I by no means expect to convince experienced naturalists whose minds are stocked with a multitude of facts all viewed, during a long course of years, from a point of view directly opposite to mine. It is so easy to hide our ignorance under such expressions as "plan of creation," "unity of design," etc., and to think that we give an explanation when we only restate a fact. Any one whose disposition leads him to attach more weight to unexplained difficulties than to the explanation of a certain number of facts will certainly reject the theory.

Charles Darwin (1859)

Science reveals where religion conceals. Where religion purports to explain, it actually resorts to tautology. To assert that "God did it" is no more than an admission of ignorance dressed deceitfully as an explanation...

Peter Atkins

Quotations

The world is not inhabited exclusively by fools, and when a subject arouses intense interest, as this one has, something other than semantics is usually at stake. Stephen Jay Gould (1982)
I have championed contingency, and will continue to do so, because its large realm and legitimate claims have been so poorly attended by evolutionary scientists who cannot discern the beat of this different drummer while their brains and ears remain tuned to only the sounds of general theory. Stephen Jay Gould (2002) p.1339
The essence of Darwinism lies in its claim that natural selection creates the fit. Variation is ubiquitous and random in direction. It supplies raw material only. Natural selection directs the course of evolutionary change. Stephen Jay Gould (1977)
Rudyard Kipling asked how the leopard got its spots, the rhino its wrinkled skin. He called his answers "just-so stories." When evolutionists try to explain form and behavior, they also tell just-so stories—and the agent is natural selection. Virtuosity in invention replaces testability as the criterion for acceptance. Stephen Jay Gould (1980)
Since 'change of gene frequencies in populations' is the 'official' definition of evolution, randomness has transgressed Darwin's border and asserted itself as an agent of evolutionary change. Stephen Jay Gould (1983) p.335
The first commandment for all versions of NOMA might be summarized by stating: "Thou shalt not mix the magisteria by claiming that God directly ordains important events in the history of nature by special interference knowable only through revelation and not accessible to science." In common parlance, we refer to such special interference as "miracle"—operationally defined as a unique and temporary suspension of natural law to reorder the facts of nature by divine fiat. Stephen Jay Gould (1999) p.84

Quotations

My own view is that conclusions about the evolution of human behavior should be based on research at least as rigorous as that used in studying nonhuman animals. And if you read the animal behavior journals, you'll see that this requirement sets the bar pretty high, so that many assertions about evolutionary psychology sink without a trace.

Jerry Coyne
Why Evolution Is True

I once made the remark that two things disappeared in 1990: one was communism, the other was biochemistry and that only one of them should be allowed to come back.

Sydney Brenner
TIBS Dec. 2000

It is naïve to think that if a species' environment changes the species must adapt or else become extinct.... Just as a changed environment need not set in motion selection for new adaptations, new adaptations may evolve in an unchanging environment if new mutations arise that are superior to any pre-existing variations

Douglas Futuyma

One of the most frightening things in the Western world, and in this country in particular, is the number of people who believe in things that are scientifically false. If someone tells me that the earth is less than 10,000 years old, in my opinion he should see a psychiatrist.

Francis Crick

There will be no difficulty in computers being adapted to biology. There will be luddites. But they will be buried.

Sydney Brenner

An atheist before Darwin could have said, following Hume: 'I have no explanation for complex biological design. All I know is that God isn't a good explanation, so we must wait and hope that somebody comes up with a better one.' I can't help feeling that such a position, though logically sound, would have left one feeling pretty unsatisfied, and that although atheism might have been logically tenable before Darwin, Darwin made it possible to be an intellectually fulfilled atheist

Richard Dawkins

Another curious aspect of the theory of evolution is that everybody thinks he understand it. I mean philosophers, social scientists, and so on. While in fact very few people understand it, actually as it stands, even as it stood when Darwin expressed it, and even less as we now may be able to understand it in biology.

Jacques Monod

The false view of evolution as a process of global optimizing has been applied literally by engineers who, taken in by a mistaken metaphor, have attempted to find globally optimal solutions to design problems by writing programs that model evolution by natural selection.

Richard Lewontin

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Thursday, September 20, 2007

Canadian Dollar = American Dollar

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