Friedman Predicts the Destruction of the Dollar
On May 15, 9:02*am, "~ RHF" wrote:
On May 15, 8:06*am, wrote: On Fri, 15 May 2009 07:27:35 -0700 (PDT), wrote:
- - correct, you cannot ignore the destruction of wages because you
are
- - competing with slave and sweatshop labor, on top of all of the
- - environmental destruction. sooner or later the wage destruction
will
- - come home to roost and demand plunges.
- Unless you do tariffs.
Import Tariffs are the quickest way to a Global Depression.
*.
I have no problem with tariffs used to make trade fair. In order
to make sure they are used in that way the tariffs need to be
used to mitigate the reason for their application in the nation
agaisnt which they are applied.
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