SOMEONE CALL DEAN BAKER! Over at DailyKos, Hunter catches CNBC anchor Erin Burnett saying, "you know, if China were to revalue its currency, or China is to start making, say, toys that don't have lead in them, or food that isn't poisonous, their costs of production are going to go up. And that means prices at Wal-Mart, here in the United States, are going to go up too."
I'm genuinely speechless. Are there any abuses these market-boosters won't countenance in the name of lower prices and quicker growth? I mean, a week ago, I would've thought saying "yeah, well Wal-Mart's toys could be cheaper if they were made of lead and their food would cost less if it was laced with poison" would have been a sarcastic smear against the nuanced opinions of free marketeers. I would have been, uh, wrong.