And as (pre-political) Nobel Laureate and NY Times columnist Paul Krugman wrote: > Even more fundamentally, we should be able to teach students that imports, n

And as (pre-political) Nobel Laureate and NY Times columnist Paul Krugman wrote: > Even more fundamentally, we should be able to teach students that imports, not exports, are the purpose of trade. That is, what a country gains from trade is the ability to import things it wants. Exports are not an objective in and of themselves: the need to export is a burden that a country must bear because its import suppliers are crass enough to demand payment. [0] [0] http://bernard.pitzer.edu/~lyamane/poptrade.html http://bernard.pitzer.edu/~lyamane/poptrade.html