tag:blogger.com,1999:blog-26755610.post2623656540184852816..comments2023-10-04T03:09:56.125-07:00Comments on Call of Wisdom: Trade Deficits are MeaninglessUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-26755610.post-6737540504355567522013-01-27T10:42:34.271-08:002013-01-27T10:42:34.271-08:00trade makes our lives better. it increases our sta...trade makes our lives better. it increases our standard of living. it even increases our chances of survival. trade is beneficial to everyone that engages in it.<br /><br />but there is really no sure thing as a trade 'deficit'. there can be no such thing as a trade deficit because every single trade is zero sum. it's value for value or no one would engage in it.Anonymousnoreply@blogger.com