Source: WSJ
The Steep Path to Freer Trade
October 23, 2015 9:00am by Barry Ritholtz
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Global trade has stagnated v trend since 2007 since the world’s western economies wish to pay for real stuff from the EM’s using IOU’s that can only be paid back with money printed out of thin air by those same countries’ central banks. Coincidence?
It’s always fun to see these anti-free trade types by shoddy inferior high-priced goods produced by their neighbors. Oh, they don’t?
If you close a factory in the US, move the production to China, bring the same goods back here to sell in the same stores, you have just “expanded trade” across borders.