Monday, June 27, 2005

Greenspan on US-China Trade

On a friend's recommendation, I watched Greenspan's testimony before the Senate Finance Committee on US-China trade relations. Folks, if you want to watch the Maestro in action, this is as good as any. The link to the C-Span video, at the time of this message, is here. (The date of the video is June 24, 2005). While silly politicians focus on misleading the public, Greenspan argues why tarrifs on Chinese imports will not help US jobs industry. It was quite revealing to listen to his wonderful exposition on the nature of the relationship, as well as his wit. I would recommend "fast-forwarding" the meaningless speil of the politicians and go straight to the Greenspan testimony and then Q&A.

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