Word: protecters
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Dates: during 1990-1999
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Buchanan insists he's not an economic isolationist. He just wants to identify essential industries and protect them selectively, on the model of the import quotas that Ronald Reagan imposed on Japanese cars. But among economists, an otherwise squabbling breed, there's something like a consensus that for the great majority of American workers, free trade is a long-term boon that delivers better bargains on consumer goods and boosts demand for the products of America's fast-growing, high-wage export industries. More important factors in holding down wages are automation, sluggish growth in productivity and consumer demand...
...vast majority of the men and women who are supporting Buchanan are not racists. They are scared and scarred by a changing world. The Buchanan voters are animated by his calls to protect them from an economy that is no longer playing by the old rules. For all its promise of plenty, thus far, the global Information Age has hurt more people than it has helped. The growing pains of a transforming world have not been equally shared...
Lewis said that there are other "fairly standard practices" that may help protect against embezzlement, such as double signing checks or increasing the number of audits of organizations' finances...
...Dionne, Gingrich's radical anti-government posture is an attack on the legacy of Progressivism, as established by Theodore Roosevelt and Woodrow Wilson. The great Progressive belief was that government should be used "to expand individual choice and protect communities, [in] an effort to improve living standards across the society...." Gingrich sees every act of government as an assault on freedom; but the lesson of the 20th century, for Dionne, is that government is crucial for preserving individual rights in ways that the market...
While some experts say going back to a scheme of "fixed" exchange rates could make commerce more predictable, most businesses already protect themselves against currency fluctuations through modern hedging transactions. Most economists warn that the cost of returning to a gold-based currency could be enormous. Monetary authorities may be forced to raise interest rates even in the midst of a recession to encourage dollar purchases needed to defend the dollar's fixed value. The result? A mild business downturn could spiral into something far worse. Sticking with the gold standard in this situation would be the economic equivalent...