Quote:
Originally Posted by danb
Since we've rejected liberal protectionism, the inevitable recessions we always face have been shorter and shallower, just like right thinking economists have been saying since the time of von Mises and Hayek.
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True. In many ways the expansion of the international markets for US goods has made this recession and others much milder. Imagine how tough it would be right now if the US was an isolationist market. Most of the expansion in US business is coming from overseas at the moment.