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To: OESY

"Germany has overtaken America to become the world's biggest single exporter"

And they've been in recession for 10 years with unemployment above 12%. This is the mercantilist fallacy at work "Exports good, Imports bad".


4 posted on 09/10/2005 9:56:05 AM PDT by Betaille ("And if the stars burn out there's only fire to blame" -Duran Duran)
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To: Betaille
If the world economy sneezes because of oil, Germany will have walking pneumonia.
8 posted on 09/10/2005 10:00:47 AM PDT by cynicom
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To: Betaille; SunkenCiv

"And they've been in recession for 10 years with unemployment above 12%. This is the mercantilist fallacy at work "Exports good, Imports bad".

This is the Socialist Fallacy.

With a free market and a reasonable tax load Germany would have an incredible economy. They have shot themselves in both legs.


25 posted on 09/10/2005 9:55:43 PM PDT by dervish
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