Canadians aren’t flashy. Canadians aren’t in your face. And Canadians are also not in quite the financial crisis that the U.S. is facing.

That’s the word from New York Times columnist Paul Krugman, who wrote in a piece this week that claims Canada’s version of “boring” is better.

Krugman’s piece goes into some fascinating detail about The United States’ deregulation and Canada’s generally conservative approach to risk that came be assumed by banks. But it’s not for everyone, so if you’re interested, check it out here.