[1] Keynes, General Theory ch 10, p 113.
[2] Greider, Wm, Secrets of the Temple, 1987, Touchstone, Simon and Schuster, 1987, NY, p 62.
[3] Statistics Canada's input-output accounts show that we import 49% of all consumer goods. In addition, we have a considerable level of "hidden imports" because many goods that are supposely "made in Canada" include some imported components. One obvious example is orange juice that is packed in Canada. It is not considered to be "imported" because itis packed in Canada, but the oranges obviously come from somewhere else. When we buy a "Canadian made" car it includes many imported parts. We have no accurant count of the total of consumer goods imported into Canada, but valid estimates run to about 60%.
[4] Bank of Canada Review, Sept/91, p 25, "Notice concerning the implementation of monetary policy in a system of zero reserve requirements".