Quote:
Originally Posted by Ethersync
No, I want you to explain how balanced trade would have prevented this crisis.
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It wouldn't have. Better regulation of the financial sector would have.
Paul went off on this free trade tangent because I was trying to explain to gideon that a tax rebate is less stimulative than direct government spending because consumers can use that money to buy goods produced elsewhere.
Gideon then tried explaining to me that American trade was balanced, based on whatever guerrila math he's using, so therefore the $40B trade deficit in November of 2008 wasn't really a deficit according to him. (Maybe it has something to do with time shifting?)
Trying to talk to gideon is kind of like trying to talk to that Joella girl from the biggest loser. His eyes are looking at you and his lips are moving, but he must be having a conversation with someone from a past life or someone on another planet because nothing he says makes any sense.