william the wie
Gold Member
- Nov 18, 2009
- 16,667
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The big question about How High the Dow is balance of payments and using a trade surplus to pay off the national debt:
When is NAFTA going to be reformed or replaced?
When do we engage in low level trade wars to get people's attention.
A trade surplus has always been a pre-condition of paying off a national debt and was one of the major policies pushed by Adam Smith. That part of the mechanics of paying off a national debt has not changed. Entitlement reform is also needed.
While tax reform is nice and necessary, for profit, wage and employment increases balance of payments is more important. So far reforming trade deals to reduce the subsidized dumping of goods and service on the US market has not been effectively addressed. But that is the big problem in balance of payments.
When is NAFTA going to be reformed or replaced?
When do we engage in low level trade wars to get people's attention.
A trade surplus has always been a pre-condition of paying off a national debt and was one of the major policies pushed by Adam Smith. That part of the mechanics of paying off a national debt has not changed. Entitlement reform is also needed.
While tax reform is nice and necessary, for profit, wage and employment increases balance of payments is more important. So far reforming trade deals to reduce the subsidized dumping of goods and service on the US market has not been effectively addressed. But that is the big problem in balance of payments.