Export Markets Quotes
Romanians of Jewish and German ancestry who left Romania and went to the West often sent money back to their families in Romania. So in a sense they were exports like oil which brought hard currency to Romania which needed it badly.
North was none-the-less in favor of allowing interest rates be much higher, but was stating the best argument, believed at the time by most English experts, and many American economists today.
Most Americans were just beginning to comprehend the importance of international relations to American agriculture and our food supply.