I'm not quite sure what your point is. It seems to me that
Posted on: April 8, 2025 at 21:01:43 CT
JeffB
MU
Posts:
72500
Member For:
21.54 yrs
Level:
User
M.O.B. Votes:
0
if a nation's money is consistently being transferred from the citizens of one country to their trading partners for years, that the citizens of the country with the consistent deficit are on average going to be losing wealth relative to those trading partners, whether the deficit is due to manufacturing or to services or other non-tangible goods.
It is probably clearer when we're talking about a monetary system like the gold standard. Countries running deficits for years would find that their gold reserves were shrinking while those with a consistent trade surplus had consistently growing gold reserves, no?