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The entire world economy is dependent on Israel? Why the US acts on behalf of Israel: http://thezog.info/
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I could get on board with that without the libertarians and reactionaries/monarchists. No way those contrasting visions are going to translate into a real world regime.
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Smiling Dave: more wealth doesn't necessarily mean more employment. We're talking about employment. Unless that article deals with the question of employment... [quote] Why would B be unemployed? Yes, B won't be employed on this day to gather coconuts for A like he was yesterday. But this just means that B won't have the leisure time
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Thinking of joining an anti-commie gang, eh? Hehe
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[quote] Ultimately of course in the long term we have to be exporting something valuable. With gold, the Chinese could be buying things from someone else, whom we are selling to, so the gold comes back to us eventually (so we can buy more from the Chinese). Specialization is nice.[/quote] Except that their gold is also useful to themselves, so they
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Phi: you didn't even attempt to challenge my employment argument. No, I am not trolling.
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[quote]But the thing is, they won't HAVE to buy our stuff now either. That's my point. There are plenty of people out there hungry for Chinese goods. The Chinese don't HAVE to sell to us in the first place, and thus won't HAVE to buy our stuff.[/quote] Yes, and they WON'T buy our stuff unless 1. It's cheaper to make shit over
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Not to mention the low wages would be bad for workers in NJ.
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>>>>>>>>If dollars left New Jersey for California and there wasn't freedom of movement then this would drive New Jersey's wages down. This would make it cheaper to produce in New Jersey and production would begin to move there and people would buy shit from New Jersey even though they're all using the same currency
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>>>>Bottom line, if we make good stuff, we have nothing to worry about, even under a gold standard. They will use their gold to buy our stuff, because it's good. No unemployment. But the thing is, they won't HAVE to buy our stuff. That's my point. Under the current regime dollars taken from the US go back to the US because dollars