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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Knighty Tin who wrote (10814)	3/24/2004 3:28:00 PM
From: ild	of 110194

Date: Wed Mar 24 2004 11:59 trotsky (why the clock can't be turned back) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved a very important article countering arguments in favor of protectionism. this one differs from the usual more generalized argumentations in that it gives a detailed example of the production structure in textiles ( which are mostly produced in China these days ) . you will be surprised - the entire structure is so deep and complicated, and involves entrepreneurs and investors in so many countries ( including of course the US ) , that it is nigh impossible , and indeed quite obviously foolish, to try to destroy or hamper it. the division of labor has gone global - it does not recognize political boundaries. policies aimed at in fact REDUCING this division of labor will with absolute certainty impoverish us all. mises.org

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