When you buy more from the grocery store than the grocery store buys from you, you have a trade deficit with the grocery store.
-
-
Trade deficits do not mean that anyone is taking advantage of anyone else. The grocery store will have a trade deficit with a farmer or supplier, just as you have a trade deficit with the grocery store.
Show this thread -
This basic economic concept applies to international transactions just as it applies to neighborhood transactions.
Show this thread -
Trade deficits are a feature, not a bug, of a system of voluntary exchange. Only in a (theoretical but not possible) system of total government control and central planning could trade deficits be eliminated—and that would be a world of universal slavery and extreme poverty.
Show this thread
End of conversation
New conversation -
-
-
The United States wants to be the store, not the customer.
-
In the analogy, the customer would have a day job as (for example) a VP of sales at Ford. Is his time better spent going to the store to buy a sandwich our growing the vegetables and making the sandwich himself? Which activity makes him wealthier?
-
Going 2d Store makes him wealthier U need to consider the time n money spent growing n raising the meat vegetables and bread for the sandwich not to mention the waste What if the Ford Employee wants a condiment like Mayo on his sandwich Plus the Store owner may buy a Ford one day
End of conversation
New conversation -
-
-
no, there is not. you trade money for food. the grocery store gives you as much food as the value of the money you have.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
And when a somebody persistently runs deficits with the set of businesses he trades with, he goes bankrupt. Yay!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
When we start making deals with local businesses to supply them things as A PART of the condition to purchasing their things it will be an equivalent analogy.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
So if I buy my car in another state instead of my hometown dealer, it does not effect the dealership? It's employees? The local businesses where that employees shop? The dealership's Bank? The local government with less revenue from the dealer, employee, local business?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Right. And when you work more for an employer than they work for you, you get a trade surplus.
#FreeMarketThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Well Trump in his businesses usually stiffs his suppliers so........
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Who owns you Justin? Chamber of Commerce?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
We get it...but why don't you do something brave and pass legislation to stop the far left leader of your party.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Pros and Cons of actual trade deficits...https://www.investopedia.com/articles/investing/051515/pros-cons-trade-deficit.asp …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
But the business isn't typically restricting their employees from buying your goods and services. This is a very old trope.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
True, like when a Wal-Mart grocery or Trader Joe’s puts the local farm stands or farm-to-table restaurants out of business with cheap imported foods; - -you can either apply a local zoning tax on those predatory businesses; or charge more taxes on imported foods. There’s one Fixpic.twitter.com/W8Hlz2ohwi
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Except that’s not the issue, it’s a straw man. It’s the subsidies stupid.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.