THIS AMERICAN TOWN WAS LEFT TO DIE, AND SUDDENLY ECONOMISTS CARE

SUPPOSE A BUNCH OF ECONOMISTS WERE TO SHOW UP IN THE VIRGINIA TOWN OF SOUTH BOSTON TO PREACH THE BENEFITS OF FREE TRADE.

HALIFAX COUNTY NOW HAS 5.1 PERCENT UNEMPLOYMENT, ONLY SLIGHTLY ABOVE THE NATIONWIDE RATE OF 4.3 PERCENT, THOUGH EMIGRATION HAS HELPED BRING THE FIGURE DOWN.

It would create "prosperity that benefits every citizen," the Heritage Foundation wrote in a memo for policymakers in 2000, amid negotiations to bring China into the World Trade Organization.
And people in South Boston are closely watching the chaotic stalemate that's ensued in the capital.
Halifax County now has 5.1 percent unemployment, only slightly above the nationwide rate of 4.3 percent, though emigration has helped bring the figure down.

Suppose a bunch of economists were to show up in the Virginia town of South Boston to preach the benefits of free trade. How would local people react?  In an old, red-brick tobacco warehouse near the Dan River, W.W....

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Article ID: 179560 Date: 12th August, 2017 Social Shares: 6123
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