The problem is that the counter-argument is “that’s a lie,” but stupid people don’t understand that you cannot spend all day explaining basic economics to people who start from the assumptions of the lie in the first instance and are thus uneducable. https://twitter.com/scottadamssays/status/1005922978863992833 …
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Yes Every country does their best to protect their favored industries. They give ground, grudgingly, to allow their people to get cheaper goods without damaging those industries too much. But, of course, that can't work long term.
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So let me know what you understand that I don't. I'll read up and provide a counter to your "argument" that nobody has countered Trump's statements about trade which is...ridiculous.
End of conversation
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When POTUS says the world is using us as a piggy bank do you understand that would only be true if we had a trade surplus not a deficit?
#Economics -
Is it clear to you that a big part of why we have a trade deficit is our economy is stronger (as it has been for years)? Or that our poor savings rate contributes? Or that Trump is pleading for foreign investment which will increase the trade deficit? That's what I've learned
End of conversation
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Wow, Scott, just because a cartoonist can't understand it, that doesn't mean that ordinary elites can't understand it.
#WeAreDaleThanks. Twitter will use this to make your timeline better. UndoUndo
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