Thursday, December 02, 2004

Current account history

Looks like we need a Plaza Accord II to sustain Bretton Woods II.

1 comment:

Jameswmillar said...

The United States has to rebuild its industrial base after the guru's in D.C. have given it away for the last 65 Yrs. This means putting American Manufacturing on a level playing field so that it can compete without being put at a competitive disadvantage from foreign tariffs and goverment subsidies. The above graph says it all.

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