RE: RE: Re: Re: Re: RE: wynne godley

[Max Sawicky]

. . . 
The effects of any form of undisguised wall-to-wall US protectionism on
world trade today would be presumably, completely catastrophic, the debacle
even worse than 1929-31. Is the Godley view that this debacle is inevitable
anyway, so it's a case of sauve qui peut?  Mark Jones


I presume a plausible U.S. "protectionism" would not be
an all-or-nothing thing, but a modulated policy negotiated
in some kind of concert with other countries (naturally with
a U.S. edge in bargaining power).  Whether/how it would
work I have no idea.

mbs