Monday, March 19 2012 @ 10:23 PM UTC
Contributed by: Don Winner
Editor's Comment: I love Free Trade Agreements. You can bet some "juega vivo" out there figured out that under the rules of the Free Trade Agreement he could buy 1,750 tons of cheap beef in Nicaragua, import it to Panama, sell it at the same going market rates (or cheaper), and make a killing. And of course all of the supermarkets will buy the cheaper beef wholesale and sell it to consumers at the same prices they are accustomed to seeing, also making a killing. But the rules of economics dictate that sooner or later someone, somewhere, is actually going to offer beef at lower prices to consumers - so they will pay a little less for dinner. Multiply times 1,750 tons - and that's a whole lot of beef - actually, about 1.4 million quarter pounders. Yum. Pass the ketchup. You want fries with that?