Author: Steve Klaber
Mon Nov 9 13:05:18 2009

Ouch! The bait is already in the trap. "We can get rid of our foreign debt by using oil export revenue!" But you are already dependent on imports. Externalizing your economy to support the export market will only make you more dependent on imports in a vicious circle. You don't need foreign money, borrowed or earned. You need to produce for yourselves using your own labor.




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