Trade Deficits Are Made in America

wkmac

Well-Known Member
Below are seven factors to consider. The consequences of protectionism would be far more damaging to America than critics of free trade assume. Most of our trade deficits are the result of our own policies. Protectionism is a two-way street and would injure many American companies without bringing back large numbers of factory jobs—indeed, half of the profits for U.S. firms listed on the S&P 500 index are earned overseas.


7 reasons why
 

rickyb

Well-Known Member
in david cay johnstons free lunch, he quotes warren buffet who estimates in 2007 america was losing 2% of its wealth per year because of the trade deficit.

when are you going to have to sell the house? all empires come and go
 
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