Are trade deficits good or bad? There is no correct answer.
when they are paid for with backed-by-nothing pieces of paper, in exchange for TV’s and plastic toys from Asia, its probably bad for everyone - including those left holding the dollars!
If I get a tv or a Honda for a bunch of worthless paper, how is that bad for me?
Why would the intellgient Japanese give me a Honda in exchange for a pile of worthless paper?