The Trade Deficit Doesn’t Matter   1 comment

Walter E. Williams explains, without ever using the word, why “tariffs” are a bad idea and wholly unnecessary. Lela

 

Let’s look at the political angst over trade deficits. A trade deficit is when people in one country buy more from another country than the other country’s people buy from them. There cannot be a trade deficit in a true economic sense. Let’s examine this.

I buy more from my grocer than he buys from me. That means I have a trade deficit with my grocer. My grocer buys more from his wholesaler than his wholesaler buys from him.

Source: The Trade Deficit Doesn’t Matter

One response to “The Trade Deficit Doesn’t Matter

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  1. Thanks for this blog post regarding the trade deficit; I really enjoyed it and am definitely recommending this blog to my friends and family. I’m a 15 year old with a blog on finance and economics at shreysfinanceblog.com, and would really appreciate it if you could read and comment on some of my articles, and perhaps follow, reblog and share some of my posts on social media. Thanks again for this fantastic post.

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