Use Spoons Rather than Shovels

Here's a letter to a local DC radio station:

Program Directo, WTOP Radio

Dear Sir or Madam:

During today's noon hour your anchor interviewed an "expert" who argued that free trade is fine when the economy is at or near full-employment, but that protectionism is justified when unemployment is unusually high.  The "expert" reasoned that protectionism creates jobs.

Nonsense.

If this "expert's" policy advice were sound, then why stop with protectionism?  During recessions government...

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Published on August 16, 2010 13:45
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