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News // 20.02.2017
through exports and current account surpluses. But classical economists debunked mercantilism two hundred years ago. Mercantilism primarily serves domestic companies, while the wealth of nations grows more [...] Trump’s economic policy, insofar as it resembles anything like a coherent position, borders on mercantilism. The mercantilists argued very much like Trump: a country increases its wealth by protecting its
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