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Daily Archive for October 20th, 2010

My good friend John Barry reminded me that this guy would do a far better job than Mr. Frank.

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Perfect Trade Surpluses

In the modern mercantilist view of the world, the U.S. economy would be super strong if “we” produced lots of stuff ourselves and exported lots of stuff to China and other nations, and at the same time, if we imported nothing from them. Imagine a world with only two countries, the U.S. and China, to […]

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