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Here is what an economist says.

Posted on: April 17, 2019 at 12:18:58 CT
TigerMatt STL
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At one time, it was believed that importing more than was exported impoverished a nation because the difference between import and exports had to be paid in gold, and the loss of gold was seen as a loss of national wealth. However, as early as 1776, Adam Smith’s classic The Wealth of Nations argued that the real wealth of a nation consists of its goods and services, not its gold supply. - Thomas Sowell
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OOps---GDP tracking 2.1 % - mu7176grad MU - 4/17 11:29:16
     What do those numbers represent?(nm) - raskolnikov MU - 4/17 12:23:05
          Economic recovery from the worst* president in history - Ragnar Danneskjold MU - 4/17 12:29:42
               Economic recovery hahahahah - ivan drago MU - 4/17 13:01:31
                    Yeah that's just patently false - Ragnar Danneskjold MU - 4/17 13:38:33
                    Trump took office sliding into home and the GOP cries out - raskolnikov MU - 4/17 13:06:45
                         Obama's economy sucked for 8 yrs. - RHAYWORTH MU - 4/17 13:29:10
                              Check your IRA from 2009-16 - ivan drago MU - 4/17 14:39:50
                                   Not if you had been holding. We were at pre crash levels. - Coors4bob MU - 4/17 15:30:00
     It's amazing how quickly he's erased the damage done - Ragnar Danneskjold MU - 4/17 12:06:04
     Trade deficit narrowed also - Spanky KU - 4/17 11:46:06
          Trade deficits have grown since Trump in office - ivan drago MU - 4/17 11:48:46
               Trade deficits aren't real.(nm) - TigerMatt STL - 4/17 12:14:05
                    ibid - Spanky KU - 4/17 13:29:42
                    ha! but when trump was saying he would get rid of them.. - ivan drago MU - 4/17 12:48:58
                         it's coming down - FootballRefugee MU - 4/17 12:50:41
               not significantly - FootballRefugee MU - 4/17 12:03:42
               Man, why do you post here on days - mizzouSECedes STL - 4/17 12:01:43
               RE: Trade deficits have grown since Trump in office - Spanky KU - 4/17 11:57:25
                    Now let's do Obama's GDP by month... - ivan drago MU - 4/17 12:50:13
                         Because Obama averaged 2.1 real GDP growth while Trump is - Spanky KU - 4/17 13:02:30
               Watch out for those facts and truth about Trump... - Gyro MU - 4/17 11:55:37
          It is impossible for a trade deficit to exist - pickle MU - 4/17 11:47:47
               Learn economics or stop posting - Spanky KU - 4/17 11:49:05
                    trade is exchange. - pickle MU - 4/17 11:55:17
                         Not at all... - Gyro MU - 4/17 14:29:53
                         I've explained currency values to you several times now (nm) - mizzouSECedes STL - 4/17 11:56:59
                              Currency value fluctuates, but that is irrelevant.(nm) - TigerMatt STL - 4/17 12:17:31
                              that doesn’t change anything - pickle MU - 4/17 12:04:33
                                   in that you don't understand it - FootballRefugee MU - 4/17 12:05:48
                         currency is not - FootballRefugee MU - 4/17 11:56:04
                              Currency is very much trade. You trade your time for - TigerMatt STL - 4/17 12:16:07
                                   you're moving the goalposts - FootballRefugee MU - 4/17 13:00:00
                              Because pickle is a dumb@$$ - Spanky KU - 4/17 11:58:29
                         Learn economics or stop posting - Spanky KU - 4/17 11:55:53
                              Here is what an economist says. - TigerMatt STL - 4/17 12:18:58
                                   Please point to an economist who claims there is no - Spanky KU - 4/17 12:38:43
     Confusing...are you saying that's good? - Gyro MU - 4/17 11:46:03
     America makes a lot of money - vmissouri MU - 4/17 11:34:53
          RE: America makes a lot of money - pickle MU - 4/17 11:45:35
          America doesn’t make any money (nm) - pickle MU - 4/17 11:41:22
               oh yeah America also doesn't take other people's oil - vmissouri MU - 4/17 11:55:35
                    i don’t know to what you’re referring (nm) - pickle MU - 4/17 12:17:17
          too much of it lost to affirmative action - FootballRefugee MU - 4/17 11:37:31
               Like this... link - hokie VT - 4/17 11:45:51
                    ^^ supports social security and “safety nets” (nm) - pickle MU - 4/17 11:48:27
                         RE: ^^ supports social security and “safety nets” (nm) - FootballRefugee MU - 4/17 11:49:58
                              Be thrilled to hear you explain how so much money... - Gyro MU - 4/17 11:57:08
                                   lots - FootballRefugee MU - 4/17 12:01:20
                                        That's what I thought(nm) - Gyro MU - 4/17 14:28:29
          to a bunch of bullsh*t (nm) - Sal KC - 4/17 11:36:02
               history will remember us as such (nm) - vmissouri MU - 4/17 11:37:15




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