Posted by
Boris Tiraspolsky on Sunday, April 13, 2008 1:17:06 AM
"America today is the Spain of the 16th century – forsaking its manufacturing base for the privilege of buying cheap goods from foreign manufacturers. The U.S. pays not with gold, but with dollars that are increasingly losing their value and trade debt that can never be repaid."
North American Free Trade Agreement
I've always been sort of agnostic when it comes to "free trade." On the one hand, I could see the economic benefits of truly "free" trade. Yet, on the other hand, I could definitely see some real problems with what is often mistakenly referred to as "free trade" in the world today.
Continued...