To: Doctor 2Brains
It's futile. They take the belief as a matter of faith.
Nothing, however, can be more absurd than this whole doctrine of the balance of trade, upon which, not only these restraints, but almost all the other regulations of commerce are founded. When two places trade with one another, this [absurd] doctrine supposes that, if the balance be even, neither of them either loses or gains; but if it leans in any degree to one side, that one of them loses and the other gains in proportion to its declension from the exact equilibrium." - Adam Smith
John Maynard Keynes is responsible for much of this obsession over "trade deficits".
Last time we had a trade surpluses was during the wonderful Carter years. When all of us were f**king broke (back to the grocery store example). Do all of these pseudo intellectuals arguing that "trade deficits" are bad wish that upon us? They're like idiotic liberals when it comes to this debate. Like I said, it's futile.
24 posted on
06/21/2012 12:37:29 PM PDT by
youngidiot
(Hear Hear!)
To: youngidiot
Yep. It’s like tryin’ to tell a lib that an “assault rifle” is not a futuristic killing machine, only slightly less lethal than an ICBM.
27 posted on
06/21/2012 1:01:07 PM PDT by
Doctor 2Brains
(If the government were Paris Hilton, it could not score a free drink in a bar full of lonely sailors)
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