06-16-2008, 03:46 PM
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#76
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FFR Player
Join Date: Dec 2004
Location: fighting villains from afar, NJ
Age: 32
Posts: 6,222
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Re: How can we solve our problem with China?
Quote:
Originally Posted by legoboy792
okay, bu ttaht point leads to a recession, of which we are already in. the dollar is ats its lowest value. and this trade is just hurting it more, cause we pront more and more of it.
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Inflation does not make a recession. It's actually a well accepted principle of macroeconomics that it's impossible to tame inflation without causing more unemployment (and with it, a decline in GDP) and vice-versa. When high inflation and low GDP growth go hand in hand, it's called "stagflation." Read this to understand.
About the comment saying trade is aggravating the recession: I bet every economist who knows about the Smoot-Hawley Tariff disagrees with you.
Last edited by lord_carbo; 06-16-2008 at 03:52 PM..
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