One Response to “U.S. Balance of Payments Dissected”

  1. Javier Bonilla says:

    That is exactly the way in which things should be analyzed. Why doesn’t this simple clear and clean perspective conduct national discussion of the US economy?

    The US is buying more goods than it sells. To make up for that it loans money and it sells bits of the national stock of capital (an article complains: Letting the Japanese Buy Our Land, Our Industries, Our Financial Institutions…)

    The US can buy even more since it prints world money called dollars… NO WONDER THE ECONOMY DOESN’T GROW!!