One Of The Stupidest Things I've Ever Heard
I was channel surfing on the radio on the drive home today and heard a woman talking about economic changes in the last decade or so. Then she got to recent changes and said that with exports starting to increase because of the low dollar, it was going to be a sad Christmas, because it is so much nicer when stuff you make stays home under your own Christmas tree.
I'm used to hearing economic stupidity in the popular media, but this ones takes the cake. We have had a huge negative balance of payments for a long time and the exports help reduce that. Plus, the exports are made by people here, that work and get paid for that work. The people who are working and getting paid for this work are sure going to have a better Christmas than they would if they were unemployed.
I've decided that after I achieve complete world domination, one of my edicts will be for manditory fundamental economic education. Everyone will take the class and will pass the final exam. Or else.
Chris - spare livers and kidneys are always useful if you catch my drift