Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Cringing Negativism Network

I repeat. There is no such thing as a trade deficit. It’s a null term without meaning used by economic illiterates as of it were a bogeyman.

We give them money. They give us goods. The books balance.

The fact that we buy more goods from them than they do from us is meaningless. They buy more of our debt than we do of theirs.

Books always balance. Period.


15 posted on 03/25/2014 3:33:35 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
[ Post Reply | Private Reply | To 11 | View Replies ]


To: Lurker

That is insanity. There will be a price to pay.


47 posted on 03/25/2014 5:20:48 PM PDT by FreeAtlanta (Liberty or Big Government - you can't have both.)
[ Post Reply | Private Reply | To 15 | View Replies ]

To: Lurker

IF I sell you crap and you give me gold, the books balance?
Like when we gave the Indians trinkets for New York? That kind of balance?


66 posted on 03/26/2014 6:29:14 PM PDT by TomasUSMC (FIGHT LIKE WW2, WIN LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM.)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson