Jugjock Wrote:
Jan 09, 2013 12:27 PM
Read Halitt's, "Economics in One Lesson" (Chapter 12) for an explanation of why loaning people or governments money to buy your exports is nothing but bald-faced mercantilism, croney capitalism, and little better than theft. Guess who gets to cover the losses from the un- or under paid loans, and the bureaucratic overhead of administering the program? Look in your mirror for the answer.