Marco's blog An [almost] daily rant 

Tuesday, November 26, 2002

In Business Week's story, 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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