Economics: Trade Balances
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4:34
Economics: Balance of Paymentsby Mindbitesdotcom2,156 views- 4:34
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This is Keynesian rationality. Don't believe the debt from education makes sense. Raising your human capital via education is good but not imperative that it is inclusive of debt. Also, we don't need more debt from trade deficits. It is undermining our manufacturing base and propping up corporatism by the ruling elite. The consumers of China are the biggest losers from their trade surpluses. They work so hard to produce so much so that we can consume it. Their rich and our rich win, we lose.
spcsockrman2 3 weeks ago