On 21/09/2012 2:01 PM, Fred J. McCall wrote:
Alan Erskine wrote:

On 20/09/2012 1:38 AM, Fred J. McCall wrote:
Nonsense. There is ZERO connection between government deficits (and a
failure to even PASS a budget or come to any agreement on how to deal
with a budget) and trade balance.

How do you figure that?


Because it's a fact.


If there were no trade imbalance, there would
be more money available.


Really? Why is that? And since everything would cost more, would
that really be true in real terms even if you accept it as a given?

http://en.wikipedia.org/wiki/Trade_i..._trade_deficit

That's what I mean by a trade imbalance. If you didn't have a trade
imbalance with the rest of the world, you would have more money available.