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justinamash's profile
Justin Amash
Justin Amash
Justin Amash
Verified account
@justinamash

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Justin AmashVerified account

@justinamash

US House candidate, MI-3

I defend #liberty and explain every vote at http://facebook.com/justinamash  • 'Laws must be general, equal, and certain.' —F.A. Hayek

Third District of Michigan
Joined January 2011

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    1. Justin Amash‏Verified account @justinamash Mar 7
      US House candidate, MI-3

      When you buy more from the grocery store than the grocery store buys from you, you have a trade deficit with the grocery store.

      349 replies 1,934 retweets 5,304 likes
      Show this thread
    2. Justin Amash‏Verified account @justinamash Mar 7
      US House candidate, MI-3

      When any customer buys more from any business than the business buys from the customer, the customer has a trade deficit with the business.

      18 replies 160 retweets 869 likes
      Show this thread
    3. Justin Amash‏Verified account @justinamash Mar 7
      US House candidate, MI-3

      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.

      59 replies 368 retweets 1,340 likes
      Show this thread
    4. Justin Amash‏Verified account @justinamash Mar 7
      US House candidate, MI-3

      This basic economic concept applies to international transactions just as it applies to neighborhood transactions.

      16 replies 166 retweets 1,036 likes
      Show this thread
      Justin Amash‏Verified account @justinamash Mar 7
      US House candidate, MI-3

      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.

      12:05 PM - 7 Mar 2018
      • 667 Retweets
      • 2,256 Likes
      • Dennis Heins Mind Your Business with Yitzchok Saftlas melissahardman g Isaac Wilkins 死にたい Narrated Dave Trott Delane Miller Bent Wookie
      110 replies 667 retweets 2,256 likes
        1. Daniel Ungar‏ @DanielUngar Mar 7
          Replying to @justinamash

          Wakanda has no trade deficits

          0 replies 0 retweets 14 likes
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        1. Dr. OdinsDay‏ @Natural_PhD Mar 7
          Replying to @justinamash

          “Trade deficit” is a made up term meant to scare people into supporting economic isolationism and protectionism.

          0 replies 1 retweet 3 likes
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        1. (((Matt Robare)))‏ @MattRobare Mar 13
          Replying to @justinamash

          As Murray Rothbard said, no one has ever cared about the "trade imbalance" between New York and New Jersey.

          0 replies 2 retweets 2 likes
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        1. Scott McCormick‏ @SKMcCormick Mar 7
          Replying to @justinamash

          Can you send this thread to Fox and Friends so that the show's #1 fan can see it? It seems short enough for his attention span.

          0 replies 1 retweet 4 likes
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        1. New conversation
        2. Ken Melotte III‏ @KenMelotte Mar 7
          Replying to @justinamash

          Agreed! The problem is that this household is/has been consuming far more than it produces and going into debt to do it. A problem that cannot be solved with tariffs or trade wars

          2 replies 0 retweets 1 like
        3. Jonathan Smith‏ @Archimusik Mar 7
          Replying to @KenMelotte @justinamash

          Absolutely untrue. The USA produces and manufactures more now than ever before, but not primarily consumer goods. Our production is now of things like airplanes, helicopters, heavy machinery, tractors, etc. We sell these goods back to the rest of the world.

          3 replies 0 retweets 4 likes
        4. Ken Melotte III‏ @KenMelotte Mar 7
          Replying to @Archimusik @justinamash

          You can’t just look at absolute value of production. It’s about production relative to consumption. We consume far more than we produce. Hence the massive trade deficit.

          1 reply 0 retweets 4 likes
        5. 1 more reply
        1. Ernest‏ @ernestdecugnac Mar 9
          Replying to @justinamash

          I run a trade deficit with Wallmart and no one worries. Not even me.

          0 replies 1 retweet 2 likes
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        2. AmericanIndustry‏ @RocCityBuilt Mar 8
          Replying to @justinamash

          No no no. This is so wrong. Trade deficit with any given country or for any given year not a problem. But deficit overall year after year is

          1 reply 0 retweets 0 likes
        3. AmericanIndustry‏ @RocCityBuilt Mar 8
          Replying to @RocCityBuilt @justinamash

          Try spending way more than you earn year after year for a few decades. See how that works out for you.

          2 replies 0 retweets 0 likes
        4. Carlos Mucha‏ @mucha_carlos Mar 8
          Replying to @RocCityBuilt @justinamash

          So-called deficit hawks never figure out that, “the govt has no choice but to allow its budget deficit to rise unless it is prepared to sacrifice full employment... if uncorrected trends in foreign trade cause the balance of payments deficit to increase.” http://mikenormaneconomics.blogspot.com/2011/03/wynne-godley-on-fiscal-deficits-and.html?m=1 …

          1 reply 1 retweet 1 like
        5. Daniel D. O'Hara‏ @OHaraBizTips Apr 11
          Replying to @mucha_carlos @RocCityBuilt @justinamash

          Absurd! entitlement spending must be addressed! Paul Ryan's resignation is symbol of GOP's retreat on this key fiscal issue!

          1 reply 0 retweets 0 likes
        6. Carlos Mucha‏ @mucha_carlos Apr 11
          Replying to @OHaraBizTips @RocCityBuilt @justinamash

          You’re assuming facts not in evidence. No fiscal reason to ever address entitlement spending (except perhaps to make it more generous).

          1 reply 0 retweets 2 likes
        7. Daniel D. O'Hara‏ @OHaraBizTips Apr 11
          Replying to @mucha_carlos @RocCityBuilt @justinamash

          You are economically delusional! When investors demand much higher interest on debt until it crowds out other spending, then people like you may see the light! Hyper-inflation will address that excessive entitlement spending !

          2 replies 0 retweets 1 like
        8. Kathryn Cannon‏ @katiecannon2 Apr 12
          Replying to @OHaraBizTips @mucha_carlos and

          So what you’re saying is that the private sector has too many government issued dollars. Who do you think has all those excess dollars? The poor? The middle class? The super wealthy?

          2 replies 0 retweets 0 likes
        9. AmericanIndustry‏ @RocCityBuilt Apr 12
          Replying to @katiecannon2 @OHaraBizTips and

          Not to speak for Mr. O'Hara but I don't think that is what he is saying. I think he is saying the government doesn't have enough money (dollars) to meet its expenses, which is why it continues to go further into debt and that can be a problem.

          2 replies 0 retweets 1 like
        10. 7 more replies
        1. Platonic Solid Snake‏ @Pliny_theElder Mar 8
          Replying to @justinamash

          good thing we have this capitalist world then, where only billions of people are in poverty and tens of millions are enslaved. phew, close one

          0 replies 1 retweet 1 like
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        1. Paleo, Libertarian‏ @bolderthanu Mar 8
          Replying to @justinamash

          The simple solution for people who are concerned about trade deficits is to buy locally produced produces. (We all know most won't). Thinking government will fix things is never the answer.

          0 replies 0 retweets 3 likes
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