re: https://bsky.app/profile/rajakorman.bsky.social/post/3lkbdfilsfs27
persistent trade surplus countries just have to write a check to their own people, then deal with higher accounting deficits or tax the rich. any inflation is limited because, well, excess supply.
persistent deficit countries have to build industries they've forgotten or never known how to run. 1/
#economics
Steve Randy Waldman
npub153…zcaex
2025-03-13 15:17:56 UTC
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npub153lsl0t8k7ug7aksd42ykr04h0rqpjfcya9s4d49nahpn6xfj4lq7zcaexPublished at
2025-03-13 15:17:56 UTCEvent JSON
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"content": "re: https://bsky.app/profile/rajakorman.bsky.social/post/3lkbdfilsfs27\n\npersistent trade surplus countries just have to write a check to their own people, then deal with higher accounting deficits or tax the rich. any inflation is limited because, well, excess supply.\n\npersistent deficit countries have to build industries they've forgotten or never known how to run. 1/\n\n#economics",
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