But that is not all that matters. The real world is a more complicated place, as I shall explain in a moment. And that is why a floating exchange rate regime makes sense for Canada. The case typically made for a floating rate for Canada is that it gives us the chance to run an independent monetary policy. That is true.
Over-irrigation of the soil takes out all of the embedded nutrients and makes the soil fallow. In addition, it can lead to erosion and runoff, which can make the ground less stable and less able to hold fruits, vegetables, and plants.
Floods cause disasters, but they can also be beneficial. Whenever a river overflows its banks, it dumps sand, silt and debris that it has carried downstream onto the surrounding land. After the flood waters move away, the soil is more fertile, because of the organic matter and minerals in this material.