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Thursday, August 18, 2005


Edward Hugh

I'm right with you. And don't miss today's inflation reading. We could pay for pampering these inefficient textile manufacturers by getting a monetary tightening in the eurozone that Germany needs like it needs a hole in the head.


"the unintended consequences of knee-jerk protectionism"

Unintended? I'm sceptical. I think they know exactly what they are doing. They protect the textile industry while the rest of us pay the costs.

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