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To: TBP

I see you know your free-trade history. I’ve spent my entire life working in a region (Latin America) that for a time rejected the idea of free-trade based on comparative advantage.

And we’re still dealing with the consequences of Import Substitution Industrialization (i.e., we can make all we need right here at home). As you would expect, all manners of protectionism (tariffs, quotas, subsidies, currency manipulation, exchange controls) were fundamental to the policy, and what a disaster it was!

Bewilderingly, these ideas persist.


48 posted on 06/11/2018 9:24:57 PM PDT by kevao (Biblical Jesus: Give your money to the poor. Socialist Jesus: Give your neighbor's money to the poor)
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To: kevao

As I mentioned earlier in the thread, I attended one of America’s finest educational institutions. We learned Austrian economics: Mises, Hayek, and the like.


49 posted on 06/11/2018 9:27:49 PM PDT by TBP (Progressives lack compassion and tolerance. Their self-aggrandizement is all that matters.)
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