The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (18214)	3/6/2004 5:50:33 PM
From: Lizzie Tudor	Read Replies (1) of 306849

History has proven this over and over, unfortunately most are ignorant of this history If the pro-trade proponents of this system could have a reasonable debate about this matter we would be better off. The fact is the Ricardo 200 year old theory did not include 1) IP based economy where a portion of the product produced resides in someone's brain (who now resides in another country) and 2) a situation where the company resides in one country and the factors of production are in another- sortof related to above. We have many situations where 200 year old economic theories have fallen, for example John Nash's theory displaced something that stood for 200 years or so. I don't know how this situation will resolve itself with trade but regardless of the theories I sure don't want to be around for 3 more years of these kinds of deficits, at least we should think about curtailing the federal budget significantly (including major cuts in military expenditures) to bring our costs in line. I don't think anybody disagrees with that.

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