[Gllug] London Stock Exchange moves to Linux

[John G Walker]

On Tue, 15 Feb 2011 19:07:06 +0000 Jason Clifford <jason at ukfsn.org>
wrote:

> The amount they spend will probably not be very different. It's just a
> matter of that spending happening closer to home and so promoting
> economic growth here rather than there.

This is the mercantilist fallacy. In fact, if someone spends pounds in
a foreign country then, eventually, they will be used to buy exports
from the UK, so will benefit British economic growth.

This is why no government in the world responded to the 2008 crash by
putting up trade barriers - though whether Greece or Ireland should
have done so is a matter for discussion,

-- 
 All the best,
 John
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