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To: Forgotten Amendments

There is no trade deficit with floating exchange rates.

Only with fixed exchange rates do you have a trade deficit.
Nixon put an end to that when he took us off gold.


32 posted on 07/06/2018 10:29:55 PM PDT by arrogantsob (See "Chaos and Mayhem" at Amazon.com)
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To: arrogantsob
There is no trade deficit with floating exchange rates.

Winner.

33 posted on 07/06/2018 10:37:56 PM PDT by semimojo
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