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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Wyätt Gwyön who wrote (76772)12/28/2006 2:01:34 AM
From: pogohere  Read Replies (1) of 110194
 
Wasn't the US protectionist in the 19th and 20th centuries? Didn't it grow phenomenally during this period? Weren't a significant part of federal revenues derived from tariffs on imports? Isn't an understanding of the issue of protectionism a function of the economic circumstances of the era under examination?

The documented disparities in income and assets we are seeing now in the US is concomitant with "free trade" in goods from Asia that provide consumers with lower prices that they increasingly can't afford without subsidized loans from the vendors at the cost of consumers own creditworthiness and jobs and dramatic loss of purchasing power. This "free trade" stinks. NAFTA, CAFTA impoverish the overwhelming majority of Mexicans and Latin Americans and result in a flood of free traders into this country. Something is dreadfully wrong with this picture of freedom. It strikes me as totally devoid of substance.
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