Re:US goverment seeks to rehire recently fired nuclear workers
by zimpenfish on Sunday February 16, 2025 @10:45AM
(#43068896)
> Which is just 3.3% of GDP.
Again, I'm not an economist, bear with me and explain what that's got to do with the trade deficit being a deficit? You could have a GDP of a quintillion dollars a year but if you're consistently running a trade deficit (which the US has for decades), that strongly implies you cannot close your borders with impunity.
If you could supply the goods cheaper than importing them, people would, no? Simple capitalism!
Again, I'm not an economist, bear with me and explain what that's got to do with the trade deficit being a deficit? You could have a GDP of a quintillion dollars a year but if you're consistently running a trade deficit (which the US has for decades), that strongly implies you cannot close your borders with impunity.
If you could supply the goods cheaper than importing them, people would, no? Simple capitalism!