Beggar-thy-Neighbor Pressures Increase By Monty Pelerin , posted March 27th, 2010 http://www.economicnoise.com/2010/03/27/beggar-thy-neighbor-pressures-increase/ The forces of the worldwide recession are starting to be felt in defensive moves. According to Bloomberg: “Initiatives to curb imports...
See Pat Buchanan 's commentary in the November 11issue of CNSNews.com: http://www.cnsnews.com/public/content/article.aspx?RsrcID=39124 . Buchanan points to the unfair advantages that China has created by devaluating and keeping its currency cheap, thereby favoring and protecting its industry, and...
Lately it seems that it has become fashionable on both the Left and Right to bemoan the evils of the trade deficit; however, this penchant for protectionism is founded upon a general lack of knowledge when it comes to economics. Let's examine a few false assertions often put forth by what I like...
Pat Buchanan's recent attempt to diagnose the sinking dollar demonstrates that ignorance of basic economics is not limited to the left. Buchanan points out the plummeting value of the dollar relative to other currencies and major commodities such as gold ( up 24% this year ) and oil ( up over 50...