Put It In Your Pantry with Your Cupcakes

Thursday, December 30, 2004

"Buy American" Hurts Americans

"The so-called trade deficit refers to the current account, which keeps track of Americans’ exchanges of goods and services with people in other countries. If in the aggregate during a given calendar year, the dollar value of the goods and services we buy from foreigners exceeds the dollar value of what we sell to them, that difference is said to be the trade deficit."

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