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Wednesday, December 21, 2005

Trade Deficit Is Nothing

Coyote blog gives a valiant effort trying to get people to understand how economics is not a zero-sum game. The economy grows even with the "trade deficit". He asks whether the Chinese should take our dollars they receive from our purchases at Wal-Mart and just buy raw goods from us or should they put the materials all together to make a building here? What is the difference?

He states: A free economy is like a group of rabbits on Viagra.

Give the Chinese some of them but we still have more and more.

1 Comments:

At 6:11 PM, Anonymous Anonymous said...

Enjoyed a lot! » » »

 

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