What Billary and B Hussein Do NOT Understand About Trade.

A trade deficit can actually be good for a country as this paper illustrates. We get goods and exchange those goods for paper. Paper that is only good in the US so foreigners have to invest those pieces of paper back into the US.

We get to consume more than we can produce. That is how our standard of living improves. China exports more than they consume and their standard of living grows only very slowly. China is still one of the poorest countries on the planet and will be for decades (same for India).

If we want to raise the standard of living around the world, free trade is the only way to make that happen. Does it mean the US might be a smaller portion of the world pie? Yes. However, the pie will be bigger and thus our piece will be bigger but just a smaller percent of the total.

B Hussein and Billary will lower the standard of living around the world if they restrict trade like the say they claim. Trade restrictions are not good for Americans or American workers.