how long can the grocer endure having a trade deficit with me? I buy stuff from him and he buys nothing from me.
yet we both have a higher standard of living from it.
By JOSEPH E. STIGLITZ
For how long can the global economy endure America’s enormous trade deficits or China’s growing trade surplus of almost $500 million a day?
``I must give him his due. He has considerably cretinized me.'' Lautréamont
Pics click to enlarge.
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