Sunday, October 23, 2011
Flat Earth Thinking on a Sphere
Flat Earth Friedman is back this time claiming that it's a good thing that the US Senate is putting a scare into China- "But, Lord in heaven, do not let the House pass this bill. That would trigger a trade war in the middle of our Great Recession." What good ole Thomas- who fails to be as skeptical as his namesake- has failed to notice is that we've BEEN in a full fledged trade war for 40 years- a war of the elite globalists like himself against the average American worker. And for 40 years, we've been losing- and that debt, that massive, massive trade debt built out of 40 years of trade deficits, is the primary cause of the Great Recession. China has it right. We decry their protectionism- but that's exactly what we *should* be doing ourselves. We don't need to get China to stop revaluing their currency to their interests, as much as we would like to. We need to revalue OUR currency to OUR interests in defense. We don't need China to open their market- we need to close our market. Because China has the right idea. And we don't need any more flat earthers here.