To: Will88
Everyone knows we’re richer now than 30 or more years ago and it has little to do with trade policy.Wrong. We have become much richer by getting lots of "stuff" such as plasma TVs by borrowing money from foreigners to import from them. It's a ridiculous way to be "rich" but most Americans seem to be impressed with the results. Same as some primitive African tribe when Sahib comes around and sells them knives and axes.
262 posted on
10/04/2007 2:19:58 PM PDT by
dennisw
(France needs a new kind of immigrant — one who is "selected, not endured" - Nicholas Sarkozy)
To: dennisw
We have become much richer by getting lots of "stuff" such as plasma TVs by borrowing money from foreigners to import from them. How much did we borrow from foreigners to do that? How much did you borrow from foreigners?
323 posted on
10/05/2007 5:46:33 AM PDT by
Toddsterpatriot
(Ignorance of the laws of economics is no excuse.)
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