Paul Krugman | Free Trade Won't Cure Unemployment
Paul Krugman, Krugman & Co.: "Now that there seems to be no hope of using reasonable fiscal policy to fix the United States's economy, I've been hearing a different idea lately: that trade can be a driver of economic recovery. Namely, the suggestion that the trade proposal South Korea and the United States recently agreed on can serve as a form of macroeconomic policy. Um, no. The problem in the United States is insufficient spending on American-produced goods and services - that is, a lack of demand."
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