Quote:
Originally Posted by Lemon Drop Husker
So while net household worth was going up while trade deficit has somewhat stabilized/decreased in the last 5 years, you summarize we should keep up a trade deficit?
Problem is, you don't know, and thus you keep proposing a trade deficit as being a "good thing" because it is what we have always done.
There really are no real world statistics to support either side, other than, this is what we have always done.
|
I did not say any of those things. I said that a trade deficit is not the evil that many claim, and that trying to "fix" it with tariffs will make things a lot worse.
Quote:
|
What would actually happen if we had a trade deficit of lower numbers. Hell, even a net zero. What would happen?
|
I am not proposing anything other than letting the free market operate as best it can under the too many government regulations we already have. If that leads to a decrease in the trade deficit, fine. If it doesn't, that's fine too. Let the consumers decide.
But all indications are that at this time, a lower trade deficit would mean higher prices for the American consumer.
