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average tariffsAsia Times
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79% Informative
Wall Street Journal editor James Taranto says Wall St. Journal editors are against tariffs.
Julian Zelizer says the case against tariffs is irrelevant now since the 19th century was on the gold standard and free movement of people across borders.
Zelizer: Once we discard the assumptions, the case for tariffs disappears.
He says the effects of floating exchange rates and heavy regulations on people's movement have severe consequences.
In the countries lacking markets, companies’ access to financing becomes more expensive or prohibitive, preventing them from growing.
In an “ideal world,” capital would flow from aging societies to younger ones as the former are savers, and the latter are the future.
An alternative would be to go back to clauses in the original Bretton Woods agreement to stabilize exchange rates.
VR Score
85
Informative language
84
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61
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English
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60
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Known propaganda techniques
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External references
3
Source diversity
2
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