It's Loony Not to Invest in Canada

This column was originally published on RealMoney on May 3 at 9:45 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.

There's a right way and a wrong way to run an economy, and the conservatives have the right way. Except they aren't our conservatives.

If you want to look at the right way to create wealth, create jobs and create prosperity, you just have to look north, to Canada. The Canadians just put through some terrific personal and business tax cuts guaranteed to make their economy even more robust. At the same time, the government is running a surplus.

No wonder the Loony has increased from 66 cents, where it was when I visited Canada four years ago, to the current 90 cents. And it is going higher. Of course, the tax relief comes at a time when the Canadians can afford it; we can't, but we do it anyway, which is why the U.S. dollar goes down regularly. ...