Manedwolf
You've just proven that you have absolutely no concept of how the global economy works; further discussion is fruitless.
Take Macroeconomics 101 and rejoin the discussion when you're done.
Macroeconomics according to who?
The London School of Economics?
Let's recap why we [supposedly] broke away from those people;
"America became the greatest, most prosperous nation in history through low taxes, constitutionally limited government, personal freedom and a belief in sound money... " - Ron Paul, Forbes 03/04/08
The global economy? Before you inflate yourself further; the only difference between you and I in regard to understanding how it works is that
you seem to think that the current artificial, controlled and manpulated system - at the expense of most people in this country - is somehow a good thing.
Oh, and be sure not to visit any stores and buy any low-priced item that you'd once have had to have a craftsman make at great expense if you wanted it. Or even any produce out of season in your local area.
There is a law of averages in the field of durable goods; it is generally a case of
you get what you pay for.
You can buy a cheap tool; risk ruining the part you are fitting/adjusting, and/or the tool breaking or wearing out quickly and needing replacing a number of times. Or you can buy a quality tool at a higher price that will not, with proper use, damage your task item, and is very unlikely to break before your children die of old age.
You can buy a cheap home audio system - if you don't mind throwing it into a dumpster when
part of it stops working because it is uneconomical to repair - and buying a new one at a higher price - because a declining dollar means imported goods have a way of climbing in price.
Filling the nation's stores with cheap imported junk is not the foundation for anything except
alot of waste. Even some once reliable brands of goods (which despite their foreign production are
still very pricey) have become junk in many cases. And the prices of everything are climbing because an inflated ficticious dollar buys less oil - affecting
everything.
No one is going to undergo any hardship because they can not buy some particular item of produce out of season. There is not any kind of imported produce that we either can not live without or produce ourselves.
There are things far more important to most people. Like how much per hour do they get paid, and how much money can they put away after all their bills are paid. And how many of them can expect to own their own homes - all paid up, and be financially self sufficient by the time they retire.
Please name something manufactured that
can not be made cheaper elsewhere in the world; a nation of c.300 million people can not all be either a hamburger flipper or a company CEO.
See why I think of Paul's apostles like I do? There's this freakish romanticism about the 19th century being the glory days in its business practices, when it was more like a pack of vicious wild animals fighting under the table.
That's an astounding observation; it pretends that somehow all these global commercial producers, traders and investors etc have been taking merely what has been given to them for the last half century. Just what do you think all the vicious fighting and murder has been about in Africa, South America, the Mid East, Indonesia etc since WW2?
