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To: mlo
Insults are not an argument. But the stupidest people might be the ones that think a trade deficit is some kind of loss.

You have been economically brainwashed into NOT believing an inconvenient truth, trade deficits are a disaster, or plain stupid.

12 posted on 09/05/2018 12:21:44 PM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: central_va
"You have been economically brainwashed into NOT believing an inconvenient truth, trade deficits are a disaster, or plain stupid."

Back at ya.

You have a trade deficit with the grocery store. You buy stuff from them but they don't buy anything from you. Are they stealing from you? Would you be better off not trading with them?

But you have a trade surplus with your employer. They buy your services but you don't buy theirs. Are you stealing from them?

A trade deficit is not a loss. It simply means we're getting more stuff from one country than they get from us. It's perfectly normal and reasonable to have trade deficits with some countries and trade surpluses with others, as we do. It's a good thing.

This railing against trade deficits is economic ignorance.

15 posted on 09/05/2018 3:49:20 PM PDT by mlo
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