doc, aka Rich Wrote:
Jan 23, 2013 11:58 AM
Trade deficits are a myth. They do not exist. While we import all the things we used to make in the USA from China, we export a precisely equal quantity of US wealth. Our greatest single export is our wealth and that is a precious limited national resource. Too bad environmentalists don't care about conservation of national wealth ... the sum of the wealth of all the citizens of our nation, and we're exporting it in trade for what we used to be perfectly able to manufacture for ourselves.