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To: Sam the Sham

You don't understand what a trade deficit means, it's not a deadweight loss. If you pick up an introductory economics textbook and learn what you're talking about you'll realize that you are being hysterical.


13 posted on 02/18/2005 10:09:16 AM PST by Betaille (Harry Potter is a Right-Winger)
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To: Betaille; Willie Green; junta

If you knew anything at all about history you would recognize the point at which major powers begin to die. And the 'what, me worry ?' blind complacency you exhibit.

I'll call your philosophy Mendozaism. There was a Spanish grandee named Mendoza who proudly proclaimed in 1659 that Spain was great because all the world exported to Spain while Spain exported nothing. Trade deficit ? Who cares ? People who think that Spain needs to export finished goods are just being hysterical.


39 posted on 02/18/2005 10:24:07 AM PST by Sam the Sham
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