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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (54483)	10/24/2002 4:42:36 PM
From: Bilow	Read Replies (1) \| Respond to of 281500

Hi CobaltBlue; Re: "Isolationism isn't just military isolationism. It's protectionism, as well -- competitive devaluation, high tariffs, retaliatiory tariffs, all done in an attempt to protect your own economy ..." I'm in favor of isolationism in the sense of not having our military in places where it isn't wanted. I don't know what to call this other than "isolationism". Maybe I should call it "common sense", LOL. Re: "I gather that you did not actually read the article by Keen that I linked to you." You gather wrong. Re: "If you had, you would understand that it was about the destabilizing effects of simultaneous debt and deflation. A country with a huge economy like the US can handle high amounts of debt, and it can handle high rates of deflation, but it remains to be seen whether it can handle both at the same time. We've got high debt now but not deflation." "Beggar thy neighbor" means to devalue your currency. The effect is not one of deflation, but instead one of inflation. Your link had nothing to do with "beggar thy neighbor". -- Carl