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> Can we agree upon anything regarding foreign trade?, Regarding nation's trade deficits.
Supposn
post Feb 23 2019, 06:07 PM
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Can we agree upon anything regarding foreign trade?

Rarely, if ever do credible economists refute annual trade deficits detrimental effects upon their nation's GDP.

Rarely, if ever do credible economists refute USA's trade deficits' indication of USA products having been “crowded out” of marketplaces by foreign goods .

Rarely, if ever do credible economists refute nations' lesser annual GDPs reflect their nation's lesser than otherwise numbers of jobs and aggregate payroll amounts.

Rarely, if ever do credible economists refute annual trade deficits indications of their nation having purchased greater values of products than it has produced.

Rarely, if ever, even among those credible economists that may be the most ardent proponents of pure free trade, are these contentions refuted.

I have heard some economist contend the USA's annual trade deficits are proportionally much smaller than our GDP and thus, their detriment is comparatively less significant.

I agree with other credible economists contending the USA's lesser than otherwise numbers of jobs and lesser payroll amounts due to our chronic annual trade deficits are of significant economic detriment to our nation.
I'm also among those contending that nations' international balances of trade understate global trades' effects upon their individual nation's GDP. Nations' balances of trade understate their contributions to trade surplus nations', and their detriments to trade deficit nations' domestic production.

Respectfully, Supposn
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