Dan Mitchell says to stop worrying about the trade deficit

The text of the argument. A four minute video presentation.

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3 Responses to Dan Mitchell says to stop worrying about the trade deficit

  1. A H

    But if you spend counterfeit money at the supermarket it is a crime, that’s the problem.

  2. PeteD

    1. Australia has a trade surplus at the moment.
    2. Australia doesn’t have a reserve currency.
    3. Presumably my trade balance as an individual or family with a particular shop matters less than my overall balance. If I don’t generate an overall surplus from my employment and my spending, I will soon find problems

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