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Response to Sen. Walter Sobchak (Reply #96)

Sat Dec 31, 2011, 07:50 PM

97. High US labor productivity is NOT merely a modern phenomenon - where do you get these fantasies from

 

American productivity was never low, relative to other countries. When it comes to non-industrial sectors like tech and R&D your argument really does not hold water, they're still 6 times as productive as workers in China, and the most productive in the world.

And... eccentric theories? Are you saying that the theory that trade deficits devalue the dollar is eccentric?

Hello, this is not Dylan Ratigan saying this, it's being said by the Federal Reserve Bank.
http://www.frbsf.org/education/activities/drecon/1999/9910.html

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Do you have any documentation that shows I'm wrong when I say trade deficits devalue the dollar?

Do you have any documentation for any of your claims?

Well, do you?

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