>>>A trade deficit is bad
In my house we love being able to buy stuff cheaper. We’re able to do more with our money, and able to make our business more profitable.
>>>it is an outflow of wealth from this country.
Outflow of dollars that has to be spent... in this country. We get lots of stuff, they get dollars, the dollars come back.
“We get lots of stuff, they get dollars, the dollars come back.”
...to the federal government, to grow the federal government.
A lot of them don't, which suits the Fed just fine. If they did, we'd have a god-awful inflation problem.