The problem with the “Loonies,” part 1

Source: Mises Canada
by Caleb McMillan

“Canadian ‘Greenbackers’ are those people who believe the government should force interest-free loans through the nation’s central bank, the Bank of Canada. Presumably, this would entail something similar to what happened in the Great Depression, where governments essentially forced private banks to end the ‘credit famine.’ ‘Greenbackers’ is an American term so I prefer the term, ‘Loonies’ since that’s the name of the Canadian dollar and because these ideas are sheer lunacy.” (03/31/17)