Friday, September 17, 2010

Ian Fletcher: Economics vs. Fakeonomics

Ian Fletcher: Economics vs. Fakeonomics

It's good to see someone with economic credentials spelling out an intuition I've had for awhile now. Contrary to what proponents of unrestricted free trade claim, it benefits only a small percent of the population in the long run: the 1-2% at the top, and that's where those benefits stay, while the other 98-99% lose ground.

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