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To: 1rudeboy; Toddsterpatriot

One can allow for indirect economic circulation, such as you buy from A who buys from B who buys from C who buys from you, but an ironclad rule is that giving out more gold than you get will eventually leave you un-rich. Especially if you are immortal, like a country.


23 posted on 10/03/2011 7:20:19 PM PDT by HiTech RedNeck (There's gonna be a Redneck Revolution! (See my freep page) [rednecks come in many colors])
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To: HiTech RedNeck
What you are failing to realize is that, when I buy imported beer, or pay my landlord rent, it is not my country that is becoming "un-rich," immortal or not.

Countries become "un-rich" by running budget deficits, not trade deficits. My country does not pay my rent, or buy my beer.

24 posted on 10/03/2011 7:24:16 PM PDT by 1rudeboy
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To: HiTech RedNeck
an ironclad rule is that giving out more gold than you get will eventually leave you un-rich.

I purchase less than I earn. I'm not getting un-rich. I could repeat it a few more times if that will make it clearer for you.

27 posted on 10/03/2011 7:36:43 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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