How realistic is a North American currency?

[Kugbok_Fennin]

I hate to say it...

Do we need a North American currency? - MarketWatch

The New World Order is upon us, full of hope, promise and a fair amount of fear.

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How realistic is a North American currency?

[Eomer]

There is absolutely ZERO appetite for such a thing in Canada, except for some very small circles. There's really not a whole lot of upsides to it for us, from what I can see. Having our currency float against the US has worked just fine for the past 30+ years, I don't see why we'd want to change it.

Should we work to continue integrating our economies, removing trade barriers and working on joint security etc? Absolutely. That shit only makes sense.

[Erronius]

And south of the border, I can't see Americans wanting to do so. Not because it would or wouldn't be a good idea, I really don't think it would come down to any reason other than "We ave our OWN currency, we want our OWN currency, why change it?" Whether it makes sense or not, I just can't see it ever happening.

Also as for removing trade barriers...I have a bad feeling that the pendulum might swing the other way in the next several decades. I hope I'm wrong. But I've heard a lot of people muttering to the tune of "Fuck the rest of the world and Free Trade, we need to do what we need to do, break every trade agreement if we have to and tax the shit out of every import". People are starting to feel that all the industry that has moved overseas in the last several decades needs to be reversed, and I wouldn't be surprised if that becomes a real issue in the next 10 years or so. Again, not saying it will happen or it is the right thing to have happen, just saying people are starting to sound a little desperate and I just wouldn't be surprised by anything along those lines atm.

[Tuco]

I wouldn't really care about joining our currency with Canada's, but fuck tying ourselves to MExico.

[schwein]

we cant accept the metric system. i dont think any shared currency would fly with the average american.

[Desidero]

People seem to generally accept Canada, despite the jokes. However, most non-Mexican Americans probably don't want to be joined at the hip with that shithole. Fuck Mexico. I wouldn't go there again unless it was free.

I also wouldn't necessarily mind if we did something to bring manufacturing jobs back home. Prices will increase, but at least people will have jobs and we won't be selling our country to the Chinese. It'd be nice to have our country relatively self-reliant again. I wonder how that'd work out in the long run.

[Eomer]

Originally Posted by Desidero

People seem to generally accept Canada, despite the jokes. However, most non-Mexican Americans probably don't want to be joined at the hip with that shithole. Fuck Mexico. I wouldn't go there again unless it was free.

I also wouldn't necessarily mind if we did something to bring manufacturing jobs back home. Prices will increase, but at least people will have jobs and we won't be selling our country to the Chinese. It'd be nice to have our country relatively self-reliant again. I wonder how that'd work out in the long run.

Poorly, protectionism never works.

[Heavens_Myst]

It's called the dollar.

[Heavens_Myst]

Originally Posted by Desidero

People seem to generally accept Canada, despite the jokes. However, most non-Mexican Americans probably don't want to be joined at the hip with that shithole. Fuck Mexico. I wouldn't go there again unless it was free.

I also wouldn't necessarily mind if we did something to bring manufacturing jobs back home. Prices will increase, but at least people will have jobs and we won't be selling our country to the Chinese. It'd be nice to have our country relatively self-reliant again. I wonder how that'd work out in the long run.

This is absolutely retarded. Go look up comparative advantage and hopefully a few brain cells will sprout.

[Mario Speedwagon]

Originally Posted by Desidero

People seem to generally accept Canada, despite the jokes. However, most non-Mexican Americans probably don't want to be joined at the hip with that shithole. Fuck Mexico. I wouldn't go there again unless it was free.

I also wouldn't necessarily mind if we did something to bring manufacturing jobs back home. Prices will increase, but at least people will have jobs and we won't be selling our country to the Chinese. It'd be nice to have our country relatively self-reliant again. I wonder how that'd work out in the long run.

Whether or not this happens is going to have absolutely jack shit to do with whether the average American, Canadian, or Mexican wants it. The people that matter want it and they want it bad. My guess is we'll have the amero or whatever they're going to call it within the decade.

[Eomer]

Yeah, it's not like "they" have been predicting that since NAFTA, and the bi-lateral US/CAN free trade agreement before it.

[Kobalt]

Why have a north american currency when we can just take over Canada and make them use the dollar?

Seems easier

[Desidero]

Originally Posted by Heavens_Myst

This is absolutely retarded. Go look up comparative advantage and hopefully a few brain cells will sprout.

I don't mean to sound like a jackass, but would you mind explaining what's so horrible about it? I know about comparative advantage, and read more about it when you suggested it in your response. Some things don't work out as well in the modern world as they did before, especially since some countries manipulate trade while others try to promote a true free market. Countries that are willing to tamper with the system seem to come out on top. Please correct me if I'm wrong. I'm not an economics major or anything, but I do find the subject interesting. Every time this subject comes up, someone who has a background in economics states essentially what you said. However, they never seem to be able to explain why. They just say that's what's been determined by other economists. Pure protectionism and isolationism is obviously detrimental, but what is the harm in imposing some restrictions?

It's nice to have all of these comforts (we wouldn't have them if they weren't so cheap), but they can only last until our safety bubble pops and we're too far in debt to keep going. The quality of life for Americans increased dramatically in modern times, but the more recent era of mass-globalization doesn't seem so great for many people. Huge numbers of Americans worry about losing their jobs to outsourcing and there is an increasing gap between the rich and the poor.

Again, please excuse my ignorance, but would you mind explaining why restrictions would be so overwhelmingly bad?

[Zeste]

There's 12 dollars in a ten dollar bill. 100 dollars is 3 ten dollar bills. 16 pennies make up a dime.


Metric SUCKS.

[Tuco]

wat