The Frank & Chris Show

So how real is the NAU? In the literal sense, not very. Its underpinnings turn out to be a hodgepodge of mostly unconnected facts and suppositions. But the very existence of the theory is starting to have an influence of its own, and the concerns it represents suggest a new kind of anxiety that crosses traditional political boundaries.

The SPP does exist, and its tri-national task forces continue to meet, but its members consider it a way for the United States, Canada, and Mexico to collaborate on issues such as customs, environmental and safety regulations, narcotics smuggling, and terrorism. The amero, on the other hand, appears to be purely theoretical. It was first proposed in 1999 by a Canadian economist named Herbert Grubel, when the euro was first entering circulation. Grubel says he did manage to interest Vicente Fox in the idea, but whenever he brought up the topic with American officials, he recalls, he got nowhere. "There wouldn't be very much benefit for the United States" in an amero, he concedes.

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