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Cafe Hayek: The Practicality of Free Trade
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http://cafehayek.typepad.com/hayek/2008/03/the-practicalit.h...
Submitted by
maeglin
46 months, 4 weeks, 4 hours agoMoreover, far from being undesirable, a higher U.S. trade deficit means increased foreign investment in the American economy. And a falling dollar generally reflects worsening U.S. domestic policies, such as inflationary money-supply growth, the likelihood of higher taxes or more command-and-control regulations, and, indeed, an increased probability of U.S. protectionism - protectionism that, by stifling entrepreneurial dynamism, makes America a less attractive place for foreigners to do business.
Tags: free trade, economics
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