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Holly Grove Arkansas | Too many miss that trade is not a zero sum game. Trade between two countries can produce two winner by growing both economies or two losers. At least for the short term both China and the US are losing. Whether the short term lost creates long term gain is yet to be determined.
Second thing too many miss is a trade deficit isn’t necessarily a bad thing and can be good thing. Having the world’s reserve currency is a huge economic advantage. Having the reserve currency by definition requires a trade deficit. Having countries trade us goods to get dollars makes us all richer. | |
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