Econ 101

Arrived in Ottawa to see the streets bedecked with Polish flags. Polish Prime Minister Donald Tusk is making his first visit to Canada this week.

Here's a thought: Canada and Poland are among the two best-performing economies in the OECD. What do they have in common? (Aside of course from the Applebaum-Crittenden cookbook?)

Both are commodity-producing economies adjacent to major industrial economies that did not make the mistake of entering into a currency union with their industrial neighbor. You'd think that was an easy mistake to avoid—but evidently no.