July 16, 2008

What a splendid moment for an America Union!

Sir when reading Martin Wolf’s “A year of living dangerously for the world’s economy” July 16, and seeing him speculate that in terms of government indebtedness the US could soon look like Italy, I cannot help but thinking about what a particularly splendid moment it would be for the announcement of an American Union between the US, Canada and Central America.

Analyzing these countries you see how well they complement each other in economic terms and so the worst thing that could happen for the US now would be to build borders and shrink their GDP numerator just when the check arrives with a high debt denominator.