The unfairness of fair trade

[RS Davis]

[glow=red,2,300]Alan Reynolds Wrote:[/glow]"The Bush administration has been slipping into a familiar trap, making ominous comments about the perfectly normal rise of imports that invariably accompanies every economic expansion. Imports always
grow most rapidly when U.S. manufacturing is xpanding, and shrink only when U.S. industrial production declines. One reason is that U.S. industries are this nation's biggest importers. ... Far from reduced imports being a boon to U.S. manufacturers, falling imports mirrored falling world demand for manufactured goods. The only proven way to reduce U.S. imports is to push the economy back into recession. A few folks in the government seem eager to do just that, always in the name of keeping trade 'balanced' or 'fair.'"

- Rick