Friday, February 8, 2013

The single best thing we can do for the economy!

Reuters says "Running trade deficits means the country bleeds dollars, so trade is still a drag on the U.S. economy." Utter hogwash!

Running "trade deficits" means the rest of the world loves the goods, services and investment opportunities the U.S. produces so much that they'll go to extremes to deliver us the stuff we want in exchange for the U.S. dollars they need to buy (and invest in) the U.S. stuff they want. I'll even go so far as to say that the single best thing we can do for "our" economy would be to disregard borders altogether.

Here are two of my attempts at making this case:

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