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No, my argument has always been about current accounts imbalances.

That is not true; you have a habit to conflate trade and sometimes even merely exports with CA.

 That it comes as a surprise to you that current accounts imbalances can arise from both import suppression and export subsidies speaks to the quality of your knowledge of national accounting, not to the quality of my argument.

You are assuming quite a lot; but if if you prefer to make my arguments in your head to defeat them, go ahead.

by IM on Sat Feb 18th, 2012 at 12:14:25 PM EST
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