Well, if you don't want it, that must be best for the economy.
The point of this thread was the big trade deficit with China. You know what a trade deficit is, right? We send China little green pieces of paper and they send us computers, CD's, DVD's etc.
Willie is worried that they'll keep our little pieces of green paper and never give them back. If they want to do that, we've got plenty of paper.
If they use that paper to buy stuff from us, you and Willie are happy and American jobs are created. If they use that paper to buy t-bills, they reduce American interest rates which helps the economy and creates American jobs and reduces interest the govt pays to finance the federal deficit.
So, either way, I don't see a problem
Enlighten me, show me the problem.
So you plan on not honoring those greenbacks for all debts public and private?Willie is worried that they'll keep our little pieces of green paper and never give them back. If they want to do that, we've got plenty of paper.
Nope.If they use that paper to buy stuff from us, you and Willie are happy and American jobs are created. If they use that paper to buy t-bills, they reduce American interest rates which helps the economy and creates American jobs and reduces interest the govt pays to finance the federal deficit.
I don't care what they do with the money, I just think we should give them less of it. You however, must be very worried about what they do and don't do since that is part and parcel with your version of free trade.So, either way, I don't see a problem
Enlighten me, show me the problem.
The problem is that you are investing in everybody else's manufacturing sector. The income gap is growing. Real wages are not growing. People are losing good paying jobs. Mothers have to work instead of staying home raising their kids. You are making a communist country wealthy. You are making us dependent on the rest of the world.