by Mike ‘Mish’ Shedlock
Reader Cathy, a member of the US Military Intelligence Brigade pinged me about free trade.
Cathy writes ….
I love your blog – thank you, for all your efforts.
You speak about free trade, but what I have noticed throughout history is that free trade only exists immediately after everything has been destroyed in war. Then the carpetbaggers move in cheating, stealing, trying to get something for nothing. Subsequently, the same “business cycle” with all its attributes returns. People who can take advantage of the system do just that until it climaxes to war once again.