Comment on Drill Baby, Drill: To Shrink the Trade Deficit

Drill Baby, Drill: To Shrink the Trade Deficit

It?s true that we don?t worry about the trade deficit they way we used to: now that we?ve got floating instead of fixed currencies it just isn?t as important as it used to be. But it is still true that that trade deficit has to be paid for somehow and no, it?s not by borrowing.

 

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