Tuesday, August 02, 2005

The Protectionists Win

http://www.nytimes.com/2005/08/02/business/worldbusiness/02cnd-china.html?oref=login

I was watching C-SPAN and caught a CAFTA speech by House Minority Leader Nancy Pelosi. I got so mad, I jumped off the couch, and started cussing the TV. My grandfather and mother just stared at me. My dog got scared and jumped on my mother. I think I was completely justified. All that was coming out of her mouth were fallacies. It is sad that our nation's leaders do not have a basic education in economics.

When the world learns to trade, there will be no wars.

The US cannot expect China to keep buying US dollars if the US does not allow China to spend them.

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