Trade deficits are great if you want foreigners owning your country.
And remember, countries manufacture have much more employment in other sectors:
The link between manufacturing and economic growth is critical. Every dollar in final sales of manufactured products supports $1.33 in output from other sectors—this is the largest multiplier of any sector. Manufacturing investments create ripples across the economy, creating jobs and growth in other industries.
Dan Griswold, not Larry Kudlow.
ReplyDeleteKudlow makes the relevant comment that I am referring to.
DeleteTrade deficits are great if you want foreigners owning your country.
DeleteAnd remember, countries manufacture have much more employment in other sectors:
The link between manufacturing and economic growth is critical. Every dollar in final sales of manufactured products supports $1.33 in output from other sectors—this is the largest multiplier of any sector. Manufacturing investments create ripples across the economy, creating jobs and growth in other industries.
https://www.weforum.org/agenda/2016/07/how-manufacturing-can-shape-our-future/