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lhnn
on July 8, 2011
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Warren Buffett: I could end the deficit in 5 minut...
It sounds absurd to me that you say the private sector MUST be losing money if the government has a balanced budget. That is absolute hogwash.
jcarreiro
on July 8, 2011
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If the government has a balanced budget, _and_ there is a trade deficit, then the private sector must be losing money -- otherwise, where is the money that is being transferred to the external sector coming from?
lhnn
on July 13, 2011
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As a note, this reply makes clear an assumption you made in your original post: That we have a trade deficit. I now understand.
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