Author Topic: Beggar Thy Neighbor: Death of Globalization and a New Protectionist Era  (Read 268 times)

MacroTOMI

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‘Beggar thy neighbor’ is a term for making economic policies which will benefit your country at the expense of other countries. The US has a huge domestic economy and does not need to export or import much. It is practically energy self-sufficient. If this recession becomes the ‘Z’ shaped one we believe it’s going to be, then it’s pretty likely that we will get some of these type of policies.

Conventional economists also believe this will cause a fall in the dollar and a sell off of Treasury bonds and higher interest rates. It’s a kind of a catechism which they keep repeating without thinking.

Read More: http://macrotomi.com/article/beggar-thy-neighbor-death-of-globalization-and-a-new-protectionist-era?ref=sam

supportingmaps

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Re: Beggar Thy Neighbor: Death of Globalization and a New Protectionist Era
« Reply #1 on: August 11, 2020, 01:55:16 PM »
Thanks for sharing. I don't want to get political but thanks for the food for thought :)
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MacroTOMI

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Re: Beggar Thy Neighbor: Death of Globalization and a New Protectionist Era
« Reply #2 on: August 12, 2020, 02:09:12 PM »
Thanks for your comment !

MacroTOMI
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