The mercantilist impulse - 0 views
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Hannah S on 07 Mar 12Jan 26th 2012, 15:07 by E.G. | AUSTIN MATTHEW YGLESIAS, writing at Slate, is perplexed by Barack Obama's plan to "boost the economy by hindering trade". He argues that in his state-of-the-union address, the president evinced "a strikingly retrograde, self-contradictory, and confused agenda of reviving American prosperity through mercantilism". He says that due to macroeconomic events out of their control people are losing jobs and the economy is shrinking.