Quote:
Originally Posted by tucker6
Allow me to ask the question in a different way...
If deficits are such a good thing, why doesn't anyone want to trade places with the USA on trade imbalances, such as China? Why aren't the Chinese starting a trade war with us so that they can get into negative trade balance territory? After all, negative is the desired outcome, right.
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The correct answer, given by Clocker, is China is building wealth and China knows it would lose wealth if it pursued a trade deficit policy. See Imperialism.
