LogFAQs > #897062360

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Topic	Freedom, Liberty, Ron Paul - New Domains of Freedom [dwmf]
SmartMuffin 03/02/18 4:21:18 PM #465:	Jakyl25 posted... Okay, so the issue is that trade, conceptually, is based on being mutually beneficial, so when your goal is to win at trade, you done goofed? It's not just that. It's that looking at the "balance of trade" and saying "net exporter is winning and net importer is losing" is just fundamentally wrong. Trump is literally complaining about the fact that every year, China sends us a bunch of useful products and machines, and in exchange, we mostly send them federal reserve notes. If anyone is losing here, it's probably not the person who is getting a lot of useful goods in exchange for government IOUs... --- SmartMuffin - Because anything less would be uncivilized - http://i.imgur.com/W66HUUy.jpg http://dudewheresmyfreedom.com/ <cite>SmartMuffin posted [p:897062360] in Freedom, L... [t:76290086]...</cite> <quote><cite>Jakyl25 posted...</cite> <quote>Okay, so the issue is that trade, conceptually, is based on being mutually beneficial, so when your goal is to win at trade, you done goofed?</quote> It's not just that. It's that looking at the "balance of trade" and saying "net exporter is winning and net importer is losing" is just fundamentally wrong. Trump is literally complaining about the fact that every year, China sends us a bunch of useful products and machines, and in exchange, we mostly send them federal reserve notes. If anyone is losing here, it's probably not the person who is getting a lot of useful goods in exchange for government IOUs... --- SmartMuffin - Because anything less would be uncivilized - http://i.imgur.com/W66HUUy.jpg http://dudewheresmyfreedom.com/</quote> ... Copied to Clipboard!
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