Kooiker - 4/26/2025 14:38
woodduck - 4/26/2025 12:19 I ran a trade deficit with all of my suppliers and became pretty damn wealthy. I doubt bartering would have accomplished that feat quite as efficiently,.....
There's that idiotic comparison again.
Yes you ran a trade deficit with your suppliers, you also ran a trade surplus with those you sold grain to. The result is if you spend more than you take in you go broke. If you take in more than you spend, you gain wealth.
The USA is running an aggregate trade deficit of nearly $1 trillion/year.
The only reason the USA hasn't had to sell all of our assets to foreigners is because were constantly creating more money out of thin air. The trade deficit and govt deficit spending are very much related. If we continued the trade deficit without the deficit spending/inflation, foreign nations would eventually hold every US dollar. The only way to get those $'s back is to sell them something, either product, service or infrastructure/assets.
Your farm has a trade deficit
