tag:blogger.com,1999:blog-8771666371746650057.post6569257141668063050..comments2023-11-03T05:34:26.880-05:00Comments on The Whited Sepulchre: On the U.S. trade deficitThe Whited Sepulchrehttp://www.blogger.com/profile/17657366124122012622noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8771666371746650057.post-68423162870899933022014-03-20T19:48:12.261-05:002014-03-20T19:48:12.261-05:00There's no way this is the last time you will ...There's no way this is the last time you will make that argument.Anonymoushttps://www.blogger.com/profile/01165282846065689659noreply@blogger.comtag:blogger.com,1999:blog-8771666371746650057.post-10620483446502253142014-03-20T18:00:53.371-05:002014-03-20T18:00:53.371-05:00You obviously don't understand the logic of th...You obviously don't understand the logic of the trade deficit believers. If you pay $2.12 for a cup of coffee from Starbucks, then there is a trade deficit until Starbucks pays $2.12 for a glass of juice from you. Money functions only as a short-term IOU between pairs of buyers and sellers. Adding in other buyers and sellers is far too complicated:<br /><br />You to Starbucks to barista to MingoVnoreply@blogger.com