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The problem with trade deficits is that you eventually run out of money. It’s basic math. In what universe can you just keep spending more than your earn?
by _1tem 1y ago
The problem with trade deficits is that you eventually run out of money. It’s basic math. In what universe can you just keep spending more than your earn?
- seanhunter 1y agoWhy do you run out of money in a trade deficit? Your entire economy isn’t just import and export. You have a domestic economy and a services economy as well. Perhaps you don’t think Adam Smith could do basic math.
- bryan_w 1y agoDomestic production of things that (usually services) continues to grow the money supply