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Trade deficit means you’re getting more stuff than the other side is.
He’d rather have the dollars than the stuff?
What are you gonna spend the dollars on if there’s no stuff?
Isn’t “too many dollars chasing too few goods” the textbook definition of inflation?
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He’d rather have the dollars than the stuff?
I suspect that’s exactly the case. He sees money as an end rather than a means. A regrettably common disease.
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