tag:blogger.com,1999:blog-17149992.post4301070986145487955..comments2023-11-05T12:34:12.796+01:00Comments on Conflict and Compromise: Why the economic crisis continuesWim Roffelhttp://www.blogger.com/profile/05950733237377413606noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-17149992.post-49981369168024754582010-06-01T14:29:24.904+02:002010-06-01T14:29:24.904+02:00"There is usually trade of equal value, be it..."There is usually trade of equal value, be it money or goods."<br />Money is not trade. One day you will have to pay it back.<br /><br />"it seems you are confusing trade deficits (not a problem) with budget deficits"<br />Budget deficits are about the government. But when a country as a whole spends more than it produces it is a problem just as well.Wim Roffelhttps://www.blogger.com/profile/05950733237377413606noreply@blogger.comtag:blogger.com,1999:blog-17149992.post-76785371996210882472010-05-30T19:11:16.722+02:002010-05-30T19:11:16.722+02:00"As I have said before I think that uneven tr..."As I have said before I think that uneven trade balances are the greatest threat to the world economic system"<br /><br />"Trade defecits" are not really decitis at all. There is usually trade of equal value, be it money or goods.<br /><br />"While the West is digging itself in mountains of debt Asia is running high growth figures."<br /><br />With this, it seems you are confusing trade deficits (not a problem) with budget deficits.Anonymousnoreply@blogger.com