Why Did Canada Have no Mass Banking Failures in the Great Depression?
It's very sparse, but fascinating.
The answer is mostly "public guarantee of solvency" for the nation's currency system, acting through it's banking industry. It's quite revealing to see the many, different ways in which Canada did similar things as we, using slightly different operations. This article should be distributed nationwise, just to get people to think about what really goes on in operating a sovereign currency system.
(Hat Tip, AustralianMMTer, @AUSmmt)
