Latest news (Page 204)

Dear Dr. Dollar:

Supposedly, countries should produce what they are best at. If the United States makes computers and China produces rice, then the theory of free trade says China should trade its rice for computers. But if China puts tariffs on U.S.-made computers and builds up its own computer industry, then it wi

Dear Dr. Dollar:

Can you explain what trade deficits are? Who owes what to whom or is it just an accounting device? —Jack Miller, Indianapolis, Ind. I see that the United States has had a negative international trade balance for years. What happens to those dollars we've sent overseas? —Bill Clark, Chillicothe, Ohi

To the Editor

Retired professor Tom Reeves ("Still Up Against the Death Plan in Haiti," September/October 2003) made three serious

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