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Joined 7 months ago
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Cake day: August 24th, 2024

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  • Why must it be balanced?

    Americans import more than we export. They use the word “deficit” to make it scary.

    These other countries would prefer having our money and financial instruments rather than the actual goods and services they are providing to us.

    They are giving us actual things for the money the fed creates ex nihilo.

    This is not the same thing as pointing out we should have local manufacturing and reduce reliance on global supply chains.

    I’m not defending the Orange Doofus, just tired of seeing these debates being fought through the wrong lens.