Showing posts with label Tariffs. Show all posts
Showing posts with label Tariffs. Show all posts

Monday, August 23, 2010

Trade War 101

To gainfully utilize labor, 
Export nations play "Beggar Thy Neighbor;" 
While the deficit spenders, 
Resenting their lenders, 
May rattle the trade-tariff saber.  


Thanks to Prof. Michael Pettis of Peking University (no, that's not a typo) for his timely comment in the FT.

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