Is 95% of the Trade Imbalance Legal Tax Evasion? |
| March 31, 2013 | March 2013 Bond Updates |
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Voluntary trade benefits both sides, even in the global economy and even when benefit is distributed unequally. Worrying about a trade deficit, or a trade surplus, is largely useless. Countries with trade surpluses benefit from trade because they use the unspent foreign currency to invest in their prosperous trading partner. Countries with trade deficits benefit from how cheaply they've bought foreign goods. |
| View more at: http://www.forbes.com/sites/davidmarotta/2013/03/31/is-95-of-the-trade-imbalance-legal-tax-evasion/ |
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