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To: JasonC
RE: "protectionist or socialist gobbledygok has given them the willies"

Weak. No other word for it. Sorry. Unless.. examples from reliable sources?

RE: "what [of] the war on terror, or the state of our family lives, or our public morals?"

Good questions, I have only a partial response.

Here it's about labor arbitrage and a worldwide glut of "cheap labor" and the rush to get it now! Either "over there" or migrant labor here -- it matters not. Just get it.

It's about asking those American "cry babies" to don uniforms and fight the war against radical Muslim aggression but don't come home looking for a job unless you are willing to compete with Indian and Chinese cost-of-living wages. A mite overstated but in general, that's the direction IMO.

It's about comparative advantage. It's about free tradin' transfers of technology, wealth (FDI), and production to developing nations, especially, Red China.

What of comparative advantage vis-a-vis "free trade" and offshore outsourcing? Both are about production in a trading partner's homeland.

Years ago Professor Paul Samuelson wrote "all Ricardian bets are off" if wage differentials are too great and if one country's currency ends up at the wrong level. Comparative advantage retains its "vital social relevance" only when exchange rates, prices, and wages are appropriate.

That was at the time of "stagflation" and before what we are experiencing today. It was a 1983 Econ 101 text from a couple of decades after the one I used for Econ 101.

392 posted on 02/04/2006 2:52:39 PM PST by WilliamofCarmichael (Hillary is the she in shenanigans.)
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To: WilliamofCarmichael
Exchange rates, prices, and wages have never been "appropriate" in the history of the world, and comparative advantage has worked just fine anyway, for all of history.

Guys coming back from Iraq face the strongest labor market in my lifetime. Anybody able to work can work in America.

My other issues are examples of actual problems that require our actual attention as citizens and as conservatives. You can even toss in assimilation difficulties and illegals and I'll agree with you entirely. But the economy is not one of them.

There is --- wait for it --- nothing wrong with the US economy. Grok, already.

Greatest in history of world. Grok, already.

The dog alleging economic cancer and collapse won't hunt because there is nothing wrong. It is an enourmous amount of political passion chasing unnoticable economic minutae. The economy shouldn't even be a political issue at all.

400 posted on 02/04/2006 4:07:49 PM PST by JasonC
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