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Topic	Politics Containment Topic 180: The Summit All Fears
LordoftheMorons 06/12/18 9:48:34 PM #78:	red sox 777 posted... LordoftheMorons posted... We know from how he talks about them that he thinks that a trade deficit corresponds to a country owing another country money. He most certainly does not think this. Give credit where it's due - the man knows a lot about debt. Having a trade deficit corresponds to paying another country money. It is in some sense the opposite of owing a country money. The country receiving the money owes the country paying it. Trump thinks receiving money is good, and paying it is bad. Now, it's not that simple, because you receive something of value when you pay money - but then the question is whether you are paying more than you could to obtain what you are getting. In a free market both buying and selling things are good. If you have a trade deficit because youre not selling, thats bad. If that same trade deficit exists just because youre buying a bunch of stuff (as you might expect a rich country like the US to do) its not. Bilateral trade deficits are even more meaningless in a globally linked economy. --- Congrats to BKSheikah for winning the BYIG Guru Challenge! <cite>LordoftheMorons posted [p:903123628] in Politics C... [t:76701362]...</cite> <quote><cite>red sox 777 posted...</cite> <quote><cite>LordoftheMorons posted...</cite> <quote>We know from how he talks about them that he thinks that a trade deficit corresponds to a country owing another country money. </quote> He most certainly does not think this. Give credit where it's due - the man knows a lot about debt. Having a trade deficit corresponds to paying another country money. It is in some sense the opposite of owing a country money. The country receiving the money owes the country paying it. Trump thinks receiving money is good, and paying it is bad. Now, it's not that simple, because you receive something of value when you pay money - but then the question is whether you are paying more than you could to obtain what you are getting.</quote> In a free market both buying and selling things are good. If you have a trade deficit because youre not selling, thats bad. If that same trade deficit exists just because youre buying a bunch of stuff (as you might expect a rich country like the US to do) its not. Bilateral trade deficits are even more meaningless in a globally linked economy. --- Congrats to BKSheikah for winning the BYIG Guru Challenge!</quote> ... Copied to Clipboard!
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