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Worrying About the ‘Trade Deficit’ Is Absurd to the Nth Degree
Cafe Hayek ^ | January 6, 2017 | Don Boudreaux

Posted on 01/07/2017 10:36:27 AM PST by expat_panama

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To: expat_panama

There are three problems that I hope President Trump and Congress can do something about: 1) We must avoid Hillary’s stupid war with Russia. 2) We must prepare for the collapse of the dollar, the replay of the 2008 crash but this time with no bailouts. 3) We must prepare for the end of the welfare state. There is no money to sustain this liberal dream, health care, social security, or any of the other of the trillion$ of promi$e$ that the baby-boom generation are counting on.

The dimmocrats make rules and taxes until it’s impossible to do business here. The rethuglicans make it easy to move business out with their “free trade” agreements.

And we wonder why there are no jobs.


101 posted on 01/09/2017 10:06:56 AM PST by BDParrish (One representative for every 30,000 persons!)
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To: central_va

A Rigged System is NOT Free Trade

- Hay for Toys, US dollars for China dollars -

I sell my hay to China for China dollars. I have a fistful of China dollars. China sells me toys for my children for US dollars. They have a fistful of US dollars.

We exchange China dollars for US dollars.

China devalues their dollars, ripping me off, stealing from me. China uses the ill gotten gain to bribe my Congressman, buy more, and take jobs.

The breakdown occurs because Free Trade cannot exist without Freedom of Currency, away from Central Banks and the junk they sell. The consumer & producer both get ripped off.

Congress will only replace the current rigged system, with a different rigged system, because Congress are not producers and have no wealth of their own. They are dependent on the ill gains. - copyright 2017 TheNext


102 posted on 01/09/2017 10:32:13 AM PST by TheNext (Trump is the Great Liberator)
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To: TheNext

Additionally, the wealthy Chinese immigrating often have ties to Communist China military Generals. The Chinese Generals are criminals, who they and their immigrants should be in prison.

Lock em up.


103 posted on 01/09/2017 10:37:41 AM PST by TheNext (Trump is the Great Liberator)
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To: CodeToad

The trade deficit... ...Federal budget deficit ... ...there's a difference.

a cause and effect between the two.

You can't be talking about like in '09

That’s a rather simpleton view

Ah,  I stand corrected and I apologize.  You mean you are in fact talking about '09 and we agree that a drop in the TD at that time was associated w/ a concurrent surge in the nat. debt.

104 posted on 01/09/2017 11:58:48 AM PST by expat_panama
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To: TheNext
China devalues their dollars, ripping me off, stealing from me. China uses the ill gotten gain to bribe my Congressman, buy more, and take jobs.

Whoa, makes me want to run right out and burn down the nearest Chinese restaurant. 

Wait a sec. when did you say this happened? Was it from 2012 to 2014 while the Yuan/dollar was flat and the Euro gradually rose by ten %?   No, that would mean that the evil Europeans were STEALING/RIPPING us all off and bribing etc.  You must mean the next two years when the Euro was flat and the Yaun gradually rose by the same amount the Euro did. 

So the reason the Euro's 10% was OK but the Yuan's was not is because, well, just because.

105 posted on 01/09/2017 12:24:43 PM PST by expat_panama
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To: expat_panama

Haiti would import nothing (making their numbers look good) if the rest of the world didn’t give them the money to buy what they need.

They got $13B in aid after the earthquake, they constantly require additional aid.

The reason for that is that they sell commodities, they manufacture next to nothing, and they import the rest.

We want to be more like 1980’s Japan, less like Haiti at any time.

Trade deficits do matter, or we would have countless examples of prosperity where none exists in this world.


106 posted on 01/09/2017 2:03:03 PM PST by RFEngineer
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To: CodeToad
that anything done to send jobs to foreign nations is a great thing but to do anything to bring them back here is a bad thing?

Who said that? Where?

I've been calling for decades for bringing back US jobs by cutting stupid regulations and our highest in the world corporate tax rates. Trying to bring jobs back by making our government larger is stupid, but who is supporting that path?

107 posted on 01/10/2017 11:58:32 AM PST by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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To: Toddsterpatriot

“Who said that? Where?”

Just because you haven’t said it doesn’t mean others have not.

I see you still emotionally and narcissistically react to posting.


108 posted on 01/10/2017 12:04:32 PM PST by CodeToad (If it weren't for physics and law enforcement, I'd be unstoppable!)
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To: CodeToad
Just because you haven’t said it doesn’t mean others have not.

So who said it? Link?

109 posted on 01/10/2017 12:21:44 PM PST by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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