“Future generations will wonder in bemused amazement that the early 21st century’s developed world went into hysterical panic over a globally averaged temperature increase of a few tenths of a degree, and, on the basis of gross exaggerations of highly uncertain computer projections combined into implausible chains of inference, proceeded to contemplate a roll-back of the industrial age”. Professor Richard Lindzen
Sunday, September 28, 2008
FREE TRADE is the Solution
"Removing trade and capital barriers during a financial meltdown is sound policy. Former Treasury official Fred Bergsten recently pointed out that, amid all the gloom on Wall Street, the economy has continued to grow, thanks largely to exports. "This export boom has saved us from recession over the past year and, despite the recent financial turmoil, is likely to continue doing so," he says. Let's hope the presidential candidates take note." (Wall Street Jr.)
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Unfortunately today's export boom is fueled by another statist policy, namely inflation. While I agree with the columnists general thesis. Fueling the export boom is not the best example to use.
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