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The worst you can be imposed on you (outside an embargo situation) is balanced trade, paying for real imports with fx acquired through real exports.
by kaonashi 11y ago
The worst you can be imposed on you (outside an embargo situation) is balanced trade, paying for real imports with fx acquired through real exports.
- hodwik 11y agoWhich, for the US, would be a very serious downgrade from our current situation.
- kaonashi 11y agoDepends on your position in the current situation.
- hodwik 11y agoWell, then let's clarify: For almost all Americans -- who produce essentially nothing of value, yet consume a lot of very real, imported goods -- balanced trade would be a complete disaster.
- kaonashi 11y agoTrade deficits are definitely a net positive, but that lack of demand they cause actively harm a large swath of Americans. There's a reason NAFTA has been so unpopular.