|Marco's blog||An [almost] daily rant|
Tuesday, November 26, 2002
China's Exports: How Low Can Prices Go?, the scare subhead reads, "Cheap prices have kept Western consumers spending, but now they threaten the global economy". Only in the second to last paragraph, we finally get to Economics 101, "In the U.S., meanwhile, falling import prices 'are beneficial for us in a macro sense,' he adds."
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