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View Diary: Senator wants to use gambling laws to regulate Wall Street (211 comments)

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  •  Not without a rise in tariffs (5+ / 0-)

    Without some protection from foreigners with artificially low currencies, our domestic producers won't stand a chance.
     It would also help if we had universal health coverage and pension that didn't require an employer to pay the bill.

    "The people have only as much liberty as they have the intelligence to want & the courage to take." - Emma Goldman

    by gjohnsit on Mon Nov 30, 2009 at 05:47:46 PM PST

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    •  Tariffs are needed for more than just (6+ / 0-)

      artificially low currencies. Any country without adequate workplace safety and environmental safeguards should also be subject to tariffs. I suspect inadequate workplace safety and environmental safeguards probably provide a larger "cost advantage" than an artificially low currency.

      Also, we need to re-impose cross-border capital controls. We really need to return to managed exchange rates; Thomas Palley has suggested flexible bands of targeted rates.

      A conservative is a scab for the oligarchy.

      by NBBooks on Mon Nov 30, 2009 at 05:57:30 PM PST

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