Disappearing middle class needs better deal on trade(usatoday.com)
usatoday.com
Disappearing middle class needs better deal on trade
http://www.usatoday.com/story/opinion/2016/03/14/donald-trump-tpp-trade-american-manufacturing-jobs-workers-column/81728584/
3 comments
That was suprisingly coherent and well stated. I don't think I understood the currency wars until now.
Ugh I just agreed with Trump.
I understand your sentiment. . .
I have to admit framing currency devaluation and product dumping as cheating is rhetorical brilliance.
It's an astonishing book, not only for the clarity in which it dismantles these arguments in the cause of free trade, but also for how it transcends this, and explains why protectionism remains popular:
"Thus the opportunity of work comes to be regarded as a privilege, and work itself to be deemed in common thought a good... When men are thus accustomed to think and speak of work as desirable in itself, is it any wonder that a system which proposes to "make work" should easily obtain popularity?" (chapter 23)
Remarkable in how relevant this book and its arguments remain.
[0] http://www.econlib.org/library/YPDBooks/George/grgPFT.html