An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Tuesday, October 7, 2014
Trade is not a panacea and these trade deals make us poorer
Why not ensure that the workers here in this country have the means to buy the things they produce before we go searching the world for customers?
MMTer's talk a lot about the importance of monetary sovereignty. It's time to also recognize the importance of regulatory sovereignty, something that is effectively neutered by free trade deals.
Thanks for saying that, Mike.
ReplyDeleteMMTer's talk a lot about the importance of monetary sovereignty. It's time to also recognize the importance of regulatory sovereignty, something that is effectively neutered by free trade deals.
Great post Mike.
ReplyDeleteObviously the term "free trade" is a misnomer of the highest degree.