Andy Grove, ex-CEO of the largest computer chip maker, Intel, encourages politicians to re-consider lopsided trade and not fear trade-wars. You only lose trade wars if you don't have experience fighting them, he suggests. This is a man with vast business and technology manufacturing experience.
As I have pointed out before, we have the advantage in any trade-war with problem nations because they have far more to lose than us. In the 1930's we had a trade surplus before we picked trade fights. You don't pick fights with a surplus; that's stupid.
Friday, June 24, 2011
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