Changes

:Well, here are some economically sensical arguments for Thorn. First, competition forces firms to lower product prices when factor costs such as labor fall, so free trade does rapidly decrease prices. Happy Meal toys would be rather more expensive if produced in the United States. You ignore that many skilled positions in advanced economies lack sufficient workers, which prompts entrepreneurs such as Bill Gates to call for more skilled immigrants to fill labor shortages. And obviously some people do lose out in the long run, but that can be answered either with graduated taxes/unemployment relief or recourse to personal savings. Finally the trade deficit argument fails on two counts. First, if any country is a net exporter at least one other country must be a net importer. Also a basic accounting reality is the following equation; Exports-Imports=Savings-Investment. Essentially if Americans and foreign individuals or firms want to invest more in America than Americans want to save the result will be a trade deficit. Since investment is a good thing a trade deficit isn't the end of the world, although the current American one is abnormally large due to excessive federal deficit spending. --[[User:WOVcenter|WOVcenter]] 16:12, 14 March 2007 (EDT)

:Well, here are some economically sensical arguments for Thorn. First, competition forces firms to lower product prices when factor costs such as labor fall, so free trade does rapidly decrease prices. Happy Meal toys would be rather more expensive if produced in the United States. You ignore that many skilled positions in advanced economies lack sufficient workers, which prompts entrepreneurs such as Bill Gates to call for more skilled immigrants to fill labor shortages. And obviously some people do lose out in the long run, but that can be answered either with graduated taxes/unemployment relief or recourse to personal savings. Finally the trade deficit argument fails on two counts. First, if any country is a net exporter at least one other country must be a net importer. Also a basic accounting reality is the following equation; Exports-Imports=Savings-Investment. Essentially if Americans and foreign individuals or firms want to invest more in America than Americans want to save the result will be a trade deficit. Since investment is a good thing a trade deficit isn't the end of the world, although the current American one is abnormally large due to excessive federal deficit spending. --[[User:WOVcenter|WOVcenter]] 16:12, 14 March 2007 (EDT)