4 ms·
It sounds absurd to me that you say the private sector MUST be losing money if the government has a balanced budget. That is absolute hogwash.
by lhnn 15y ago
It sounds absurd to me that you say the private sector MUST be losing money if the government has a balanced budget. That is absolute hogwash.
- jcarreiro 15y agoIf the government has a balanced budget, _and_ there is a trade deficit, then the private sector must be losing money -- otherwise, where is the money that is being transferred to the external sector coming from?
- lhnn 15y agoAs a note, this reply makes clear an assumption you made in your original post: That we have a trade deficit. I now understand.