The point I want to make here is not original. It is important. And I've been party to discussions that surprised me by showing the point is often not well understood. So... Imagine we live in an isolated island country, Acirema, which has trade with only one other country, Anihc. Our standard currency is the green baltee leaf. Baltee plants are rare, only growing in one isolated spot. Perhaps our government controls the supply.
On Trade “Deficits”
On Trade “Deficits”
On Trade “Deficits”
The point I want to make here is not original. It is important. And I've been party to discussions that surprised me by showing the point is often not well understood. So... Imagine we live in an isolated island country, Acirema, which has trade with only one other country, Anihc. Our standard currency is the green baltee leaf. Baltee plants are rare, only growing in one isolated spot. Perhaps our government controls the supply.