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Which, for the US, would be a very serious downgrade from our current situation.
by hodwik 11y ago
Which, 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.