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In our case they are bad because the means of production

Posted on: April 8, 2025 at 21:32:41 CT

tigertix MU

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have gone to other countries because of cheap labor plus our biggest deficit is with our main rival who would love nothing better than to control us. Being dependent on China does us no good not to mention the loss of good paying middle class jobs.

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MESSAGE THREAD

Are trade deficits inherently bad? If so, why? (nm) - Bosalphus KC - 4/8 20:11:37

Ah, so you are TBone, explains a lot.(nm) - RayKinsella1922 SEC - 4/8 21:33:21

In our case they are bad because the means of production - tigertix MU - 4/8 21:32:41

boogeyman BS (nm) - Seagull MU - 4/8 21:42:03

In what way(s) in your opinion? (nm) - JeffB MU

- 4/8 22:04:35

Not when you have the world reserve currency (nm) - Seagull MU - 4/8 21:10:03

Exchanging real goods for Monopoly money.(nm) - TigerMatt STL - 4/8 21:19:55

Exactly. They take money we print out of - Seagull MU - 4/8 21:28:56

On the other hand, it does have adverse effects upon our - JeffB MU

- 4/8 21:49:41

You can't blame foreign countries for your own country's - Seagull MU - 4/8 21:53:02

That would be if all other things are equal... aka 'a level - JeffB MU

- 4/8 21:59:23

The US has 5% of the world's population - Seagull MU - 4/8 22:09:04

That is one variable among many. Technology & machinery - JeffB MU

- 4/8 22:12:28

is caving and pausing tariffs bad?(nm) - Fire Marshall Bill STL - 4/8 20:38:35

RE: is caving and pausing tariffs bad?(nm) - meatiger MU - 4/8 20:45:35

no. every country should cave and pause all tariffs - Ferg MU - 4/8 20:40:31

so Trump was spot on yesterday morning?(nm) - Fire Marshall Bill STL - 4/8 20:41:23

Our current monetary system muddies the waters a lot. - JeffB MU

- 4/8 20:36:37

RE: Our current monetary system muddies the waters a lot. - meatiger MU - 4/8 20:44:43

I'm not quite sure what your point is. It seems to me that - JeffB MU

- 4/8 21:01:43

no. Trade deficites are a sign of strong economy - Ferg MU - 4/8 20:33:48

It is if you outsource too much affecting national security - TigerMatt STL - 4/8 20:26:50