"You are right that it's large because of deficti spending and inflationary monetary policies, but if it were large and our monetary policies were fine and our deficit spending were at zero, it would not mean a thing."
And if the Queen had balls, she'd be the King. Don't care whether "we're not Democrats" or not...as I said, I'd argue that the U.S.'s current account balance is very much out of whack because of the government's deficit spending and inflationary monetary policies. Still waiting to hear from some RLC "libertarian" to justify this nonsense...(or are you an RLC member, Cory? If so, thanks for the response.) Guns and Dope, John --- In [email protected], "Cory Nott" <[EMAIL PROTECTED]> wrote: > > From Wikipedia: The current account of the balance of payments is the sum of > the balance of trade (exports less imports of goods and services), net > factor income (such as interest and dividends) and net transfer payments > (such as foreign aid). > > Our trade imbalance makes up the majority of the part of the chart which > applies to the United States. We are speaking of the same thing and unless > you can give us a good reason why a trade deficit means anything without the > context of other more important factors, I say it's a red herring. You are > right that it's large because of deficti spending and inflationary monetary > policies, but if it were large and our monetary policies were fine and our > deficit spending were at zero, it would not mean a thing. > > The Democrats like to point at the number and tell us the sky is falling, > but we aren't Democrats and we should be pointing to the real problem - huge > budget deficits (which harm business and trade), trade restrictions, and > monetary inflation (which harms every who has savings or earnings or lives > on a fixed income.) > > > > > > -----Original Message----- > From: [email protected] [mailto:[EMAIL PROTECTED] > Behalf Of john_teschky > Sent: Saturday, September 16, 2006 5:34 AM > To: [email protected] > Subject: [Libertarian] Re: RLC "Libertarians" > > > The chart isn't of trade deficits, it's of current account balances. > > I'd argue that the U.S.'s current account balance is very much out of > whack because of the government's deficit spending and inflationary > monetary policies. > . > > > > [Non-text portions of this message have been removed] > ForumWebSiteAt http://groups.yahoo.com/group/Libertarian Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/Libertarian/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/Libertarian/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
