Fred Ziffel wrote:

On Mon, 01 Dec 2003 16:32:56 GMT, Jonathan Ball
wrote:



We used to make very high quality products too.

We still do. We make those things where we have some
comparative advantage. Increasingly, the things we
make are not tangible. That doesn't make them any less
valuable.


Sorry, I've been listening to these same bull**** arguments for over
20 years,

No, you clearly *haven't* been listening to them. You
very clearly don't understand comparative advantage,
and patterns of trade. You are economically illiterate.

and we continue to have a declining standard of living,

That's false.

and now huge trade deficits,

Not because of anything wrong with the concept of
comparative advantage. We have massive trade deficits
because of bad government fiscal policy.

and in the not too distant future, we are
going to have a HUGE devaluation in our dollar.

Which works to REVERSE the trade deficit. If you knew
anything, anything at all, about economics, you'd know
that. But you don't.

We have lost most of
the technological advantage that we used to have.

ABSOLUTLEY false. You just don't know what the hell
you're talking about.

If you think these
things are good for America, YOU are the one with the stupid thinking.

The loss of technological advantage would be bad, but
it's not happening. The rest, you simply get wrong, as
an economics-illiterate is expected to do.