To: cchandler
I see no problem with a large trade deficit? We still have infrastructure, we still have manufacturing capabilities, we just enjoy a more wealthy national lifestyle than countries like India and China who are experiencing the equivalent of turn-of-the-century America. "Let London manufacture those fine fabrics of hers to her heart's content; let Holland her chambrays; Florence her cloth; the Indies their beaver and vicuna; Milan her brocade, Italy and Flanders their linens...so long as our capital can enjoy them; the only thing it proves is that all nations train their journeymen for Madrid, and that Madrid is the queen of Parliaments, for all the world serves her and she serves nobody."
(Prominent Spanish official - Alfonso Nunez de Castro in 1675)
14 posted on
12/14/2005 10:18:59 AM PST by
A. Pole
(Rudyard Kipling: "Oh, East is East, and West is West, and never the twain shall meet")
To: A. Pole
"Let London manufacture those fine fabrics of hers to her heart's content; let Holland her chambrays; Florence her cloth; the Indies their beaver and vicuna; Milan her brocade, Italy and Flanders their linens...so long as our capital can enjoy them; the only thing it proves is that all nations train their journeymen for Madrid, and that Madrid is the queen of Parliaments, for all the world serves her and she serves nobody." (Prominent Spanish official - Alfonso Nunez de Castro in 1675)
Very interesting.
33 posted on
12/14/2005 11:06:44 AM PST by
BureaucratusMaximus
(The 2005 Chicago White Sox---World Series Champs---WOO! HOO!)
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