[NoControllingLegalAuthority]

Roberts is a PhD economist and he indeed knows what he is talking about.

You can reduce the cost of all goods sold in the U.S. by outsourcing all the jobs required to make those goods to third-world countries. The problem is unemployed Americans cannot buy at the reduced prices. Consumers must be wage-earners first.

[frannie]

You misunderstood. I agree with the article. I answered
Those who lambasted him and stated he didn't know what he was talking about it. I simply said he may not know but and stated what I thought is happening.This doesn't make much sense but perhaps you cam figure out what I'm trying to say.

I agree with you. I have been reading so much about this and am disturbed about it. Every one on here must know by now I am 82 years of age, this month, but I AM NOT old.

Thank all of you for replying and keeping me up on all sides of discussions.

Frannie

[BlackbirdSST]

Consumers must be wage-earners first.

The most simple part of the equation appears to stump most FR economist types doesn't it!? Blackbird.