Word: reductionism
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Dates: during 1990-1999
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For those of us whose careers depend upon the successful reading of entrails, the recent vote for the North American Free Trade Agreement (NAFTA) was a career-challenging, once-in-a-lifetime, baptism-by-fire, (place your cliche here) experience. The escalating demagoguery and the reduction of a substantive issue...
In conjunction with "youth tax," the righteously indignant slogan of Lead or Leave, "intergenerational morality" attempts to shame voters into making deficit reduction the nation's top priority. It suggests, vaguely, that the debt will come crashing down on the heads of today's children.
The debate over deficit reduction often ignores an important point: the role of government is to improve the lives of its citizens. If deficit spending achieves this goal, it is wholly positive. By making the country stronger, it guarantees our ability to sustain the debt load. During World War II...
But economic liberalization has not been Mexico's only costly strategy in preparing for NAFTA. Inflation in Mexico has been reduced from 160 percent in 1987 to nine percent in 1993. This impressive reduction in inflation has been made possible by restrictive fiscal and monetary policies that are presently causing...
This unilateral tariff reduction has already brought benefits to the U.S. economy. Estimates show that between 1985 and 1989 the increase in U.S. exports to Mexico has generated nearly 400,000 new jobs in the American economy. The trade surplus Mexico enjoyed with the U.S. in the 1980s has been...