Comment Re:Trade Imbalance never makes sense. (Score 1) 34
Someone buys a computer from China. They get a computer...China gets some money...Sounds to me like the guy with the computer made out like a bandit and the idiots looking at numerical notations are fools.
Exactly.
To quote from TFA,
...after World War II, the U.S. was the world’s largest exporter and economy and as it grew, it imported more, helping its partners.
No. Exporting goods to other countries benefitted those other countries because they got lots of goods.
Sheesh. Exports are a cost to be avoided, Imports are a benefit. Exports are beneficial only insofar as they give us (foreign) cash with which to buy imports.