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> Friendly reminder that trade deficits are not inherently bad. Whether trade deficits are good, or bad depends on your monetary policy. In case of Germany, i
by baybal2 4y ago
> Friendly reminder that trade deficits are not inherently bad.
Whether trade deficits are good, or bad depends on your monetary policy.
In case of Germany, it was definitely bad after them having such low interest rates for so long.
It was Germany's pride — it's manufacturing industry which took damage from low rates the most.
- imtringued 4y agoThat is completely wrong. Germany exports by indebting other nations and the only way to further indebt other nations is by lending to them at even lower interest rates.