Quote:
Originally Posted by donquixote99
Otherwise he would not speak of nations and regions 'clobbering us' on trade. He's thinks we lose money if we run a 'trade deficit' with someone, which is just silly.
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We don't necessarily "loose money". What we do have is increased debt when an economy imports more than it exports. It also causes over time a loss of jobs, an off-shoring of the expertise necessary to make some products and a reduction in the standard of living. Sound familiar?
Instead of just accepting something and calling it "the new normal", it makes sense to try and address it / improve it.