What I'm talking about when I use the word fungi limits is the subsidy issue.
You should know me better than that Brooke.
Consider, for example, the central bank of Japan holding the dollar up by holding dollars on account -dollars that were exchanged for yen because of payments made by Americans to Japanese importers.
Is that a subsidy to Japanese companies that sell goods in the US? It certainly helps them achieve cost parity, thus driving revenue. It certainly is a bill footed by the Japanese government.
Fungible: money is the thing to which I'm referring, and if you want to see examples of who is exploiting it, just look at those nations holding large dollar reserves.
For the record, no, not all things can be off-shored. There are good shippers and bad, as well as sizable differences, including qualitative in all factors of production.
My point above: it sure would be nice if the US government weren't providing a tax disparity in that most fungible of things, thus encouraging capital flight.
Otherwise, pardon my buzzword.
