Sunday, April 26, 2015

Bre Keley chapter 11 question 6

Major economies need to recover together.  Any sports game is a zero-sum game, in which a team gains from other teams becoming weaker.  International economics is the opposite.  Global GDP has grown for centuries, we are richer than we were in 1500.  No one got poorer, we collectively became richer.  The goal of economic policy should be to make it easier for nations to cooperate with one another. Netherlands better the US does, the richer and more secure we all become.

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