From www.marginalrevolution.com
U.S. fact of the day
Total tsunami foreign aid from the U.S.: $908 million
U.S. tariff revenue from Sri Lanka, Thailand, India, and Indonesia: $1.87 billion
That is from Foreign Policy, September/October issue.-----Tyler Cowen
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I do not know whether to laugh or cry. Why didn't Clinton and the elder Bush campaign for free trade? What saddens me about these facts is that every consumer in the US has lost pleasure because of policy that was proven ignorant two hundred years ago. If there were no tariffs, would there have already been a tsunami warning system? I do not know. There is no economic study that can show what has been lost and what will be lost without free trade.
*From U2's "Desire"
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