Meanwhile, back in the international economy...

While all the political talk today is about Mitt Romney's statements regarding the 47% of Americans who do not pay income tax, there is some real international trade news going on.  Obama and Romney are arguing about who is (or will be) tougher on China. Stiglitz would have a good time with this argument.  More soon as this morning's NPR transcripts and podcasts come online, as these cover Obama speaking to a crowd in Ohio and saying that American makes the best products in the world, and that when the "playing field is level", "we always win".  Standard stuff from a politician, to be sure, but as we talk about comparative advantage, we can pick apart what is true and what is not in these sorts of statements.