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To: SeekAndFind
This article raises some good points, but it overlooks the effect that foreign trade has on supressing inflation in this country.

Many of the products we import -- especially those we import from a country like China that has a very low standard of living and pegs its currency to ours -- are artificially cheaper than they would be if they were produced here in the U.S.

2 posted on 06/13/2010 9:18:24 AM PDT by Alberta's Child ("Let the Eastern bastards freeze in the dark.")
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To: Alberta's Child

Much of it is cheap junk, worse than what the Japanese produced in earlier decades. Much of it toxic to boot.


37 posted on 06/13/2010 10:03:08 AM PDT by GailA (obamacare paid for by cuts & taxes on most vulnerable Veterans, retired Military, disabled & Seniors)
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