Episode 314: What Happened to Trade?
Words & Numbers
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Do You Have a Trade Deficit?
We're buying more from the Chinese and the Chinese are buying from us. It's an easy case to make at first glance because you picture in your mind all of these dollars leaving the US and going to China. You never ever get anything back but that's true literally of every place you spend money. And James has done something interesting here that I would encourage you to do. Anytime you want to think about trade, step away from the idea of countries. So scale the whole thing down and look at yourself.
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