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I am trying to understand how inflation contributes to trade defecits and the negative impacts inflation has on trade, who it hurts, and who benefits (especially when looking at US China relations). I have been reading this article: http://mises.org/daily/4256 But I am still very confused. How does inflation...
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It seems to me that the whole argument for currency debasement to make our exports more competitive is based on the assumption that it will reduce the trade deficit. I feel like that will not necessarily happen because inflation not only reduces the costs of our exports to foreign consumers, it also...
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In 2008, the trade deficit between US and China was $268 billion ( http://www.census.gov/foreign-trade/balance/c5700.html#2008 ). I am not sure to which extent the Chinese government controls trade directly, but for sure it has a strong instrument to influence it - by monetary policy. My question is...
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It seems a terrible obfuscation of facts about foreign trade has happened simply because of the use of such incorrect and misleading terminology with respect to commercial activities across nations. Supposedly, if the monetary value of goods and services going out of the nation is less than those coming...