tag:blogger.com,1999:blog-2761684730989137546.post3966169582085700267..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: Trade deficit falls to six-year lowmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-7336260283616699592009-02-11T11:49:00.000-05:002009-02-11T11:49:00.000-05:003. By simply allowing the government to GIVE us th...3. By simply allowing the government to GIVE us the money to buy it.<BR/><BR/>4. We don't need to "support" anyone but ourselves. Other countries that spend in their own currency can sustain any level of demand necessary to achieve maximum output and full employment. What they CAN do is one thing; what they CHOOSE to do is entirely another.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-52991318562241273402009-02-11T11:41:00.000-05:002009-02-11T11:41:00.000-05:00Example 1 : ChinaThey save in U$D bonds with proce...Example 1 : China<BR/>They save in U$D bonds with proceeds from exporting crap to USA at prices which undercut American manufacturers by devaluing their Yuan currency which makes their Aristcracy rich in dollars.<BR/><BR/>Example 2 : Japan<BR/>They saved in U$D during the 1990's and until recently with proceeds from exporting their electronics sold to the USA at prices which are accomplished with factories in China. Their aristocracy can do this, but their people had a lost decade. Their aristocracy promotes Kyoto while eating Whale meat priced on a gold standard.<BR/><BR/>3. Of course we need cheap stuff imported to increase our standard of living. However, how can we invest in our own debt to accomplish this ?<BR/><BR/>4. We need to import to support other countries and foster a global community. However, we need to save our money and invest in our own debt as well.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com