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Nope. The trade deficit is usually denominated in both goods and services, and those are the numbers I'm using. I'm not talking about the dentist either. I'm
by cameldrv 8y ago
Nope. The trade deficit is usually denominated in both goods and services, and those are the numbers I'm using.
I'm not talking about the dentist either. I'm talking about the overall U.S. trade deficit, not just with China. China is a very big component, but it's not the only one, and China is not the dentist that you see once a year, it's 1.3 billion people, and their products are pervasive on store shelves.
If your response is that doing math is not a legitimate means of economic argumentation, I'm not sure what school of economics you're representing... The myopia is certainly not coming from my side.