The scourge of economic nationalism, again

posted by
July 19, 2011
Cafe Hayek
by Don Boudreaux  
Posted in Commentary

"If saving is good for Americans, the nationality or place of residence of the savers whose saved resources are invested in the American economy is irrelevant. If saving is good for Americans, then given Americans’ saving rate, savings invested in the American economy by non-Americans are a blessing -- a blessing that is bigger the greater is the amount of this foreign savings and investment in the American economy." (07/19/11)

http://tinyurl.com/3q6j8wr  

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