Trade Haiku

Trade Haiku

George Shultz and Martin Feldstein , in the Washington Post
If a country consumes more than it produces , it must import more than it exports. That’s not a rip-off; that’s arithmetic. 
If we manage to negotiate a reduction in the Chinese trade surplus with the United States , we will have an increased trade deficit with some other country. 
Federal deficit spending , a massive and continuing act of dissaving , is the culprit. Control that spending and you will control trade deficits.
That's not an excerpt , it's the whole thing. Someday , I will learn to be this concise.



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