Just a friendly reminder, Noah, it is not the size of the deficit that matters, it is whether the deficit is the correct size. Let's not forget, Noah, deficits are essential. We'd have no money without them. In healthy economies, Noah, deficits will grow over time. (The idea of paying off the net deficit is a comical absurdity. If that happened we'd have no money at all in the private sector!) It's when deficits in aggregate over time relative to GDP are too large that we have a little problem. The U.S. has a little problem at this point. It could become a big problem if we don't correct course. (The size of deficits relative to GDP relates indirectly to trade balance as well.) The biggest problem we have at the moment is that we elected a sociopath to run the administrative branch of the government. Fix that and many immediate problems will vanish within a few years. If we don't fix it --- well let's just assume we will. The main mistake I see most ETers making is believing governments should be constrained in the same why they are in their fiancial with respect to financesto government finances. They are worlds apart. Governments must run aggregate deficits as long as GDP is growing, otherwise deflation will occur. Deflation can not be allowed in economies that run on credit.
How do you reason with this? “The stock market is crashing! Trump has ruined everything! This is the end! Or…to quote the great Dave Chapelle: “…and hear me out when I say this…you could shut the fuck up.” The stock market has simply rung out Biden’s last gasp of free money before he lost the election. We are back to where we were a year ago.”
Quit your whining nobody has been leeching off of you because they trade with you. Is this how you view every stock trade the buyer is getting ripped off by the seller ? What about that little detail that the bought item usually has value unless it's something useless like a Trump coin or his useless social media company. Have you had a head injury recently ? Something is very off about you.
These moron Trump fans have no idea the damage to their economy when a ton of discretionary spending globally is shifting away from the US. And many millions of Americans depend on that business for their livelihood, and there isn't a chance in hell that Trump or his fans will help them out when they need it.
Try asking AI if trade deficit includes IP payments 'No, a trade deficit, which is the difference between a country's imports and exports, does not directly include IP payments, which are part of the broader balance of payments'
Oh sorry. Why aircraft? What happened to the boomerang? Can't you design a nuclear boomerang? Oh no can't do that it may come back and hit your country and poof Australia is gone gone. You may wish to buy your oil from Canada. Oops but do you have the refineries to process that dirty Alberta oil?
Howdy, Exclusive -- Rep. Mark Harris on Liberation Day: Trump Made an 'Incredible Case to the American People' GM to Expand Production at Indiana Plant Thanks to Trump's Auto Tariffs Trump's 'Art of the Deal' Tariff Strategy Working: Countries Want to Cut to Zero