On Thu, 3 Feb 2005, Doug Henwood wrote:
> [If you run a big trade deficit, how can you avoid foreign debt? What are
> these idiots thinking?]
>
>> DAILY FINANCIAL MARKET COMMENT 02/03/05 Goldman Sachs Economics
[snip]
Yeah, apparently they can just legislate away the foreign debt! I'm also stuck by how little faith these political hacks have in their own ideology: Whatever happened to the heralded efficiencies of free markets? How dare they imply that unfettered capitalism doesn't lead to the optimal distribution of resources!
Miles