BOOMERBUSTER

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Monday, October 10, 2016

IMF BOGEY BEGGAR THY NEIGHBOR TO STOP HIM BEGGARING YOU

World Economic Outlook: fraying consensus re benefits of cross-border economic integration, backlash against globalization.

Call it ' lose your ass ' globalization.

IMF trotting out the old hidebound bogeys of higher tariffs, protectionism, and reduced growth....

Hello.

Beggar thy neighbor to stop him beggaring you.

The West has been bowled and rolled over by economies with a domestic developmental export oriented industrial policy.

Tariffs, and non tariff barriers, would be only a small fragment of what would be required to combat such predators.

No way that is happening in: The Land of Drift.

Americans have always said government cannot pick winners.

Some governments have done a spectacular job of that.

Our constitutional system was designed not to even try, or plan to try, to do anything like that.

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