Tariffs and the US Trade Deficit
Dave Braatz wrote:
Re: Terri Wu’s article (and others) on tariffs
Complaining about the US trade deficit assumes that the US Dollar is an honest unit of account; it is NOT. Please consider what exactly is trading hands, and what the “deficit” is.
As long as the US continues to operate on make-believe funny money, we have no right to bitch about a trade deficit – or anything. A US trade rep says the US has “suffered” decades of “wealth loss”. NONSENSE. Please define wealth. A $1.3 trillion annual trade deficit means that we got other countries’ labor, products, and resources (i.e., real
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
