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kemayo 7 hours ago

The experience of the trade deficit with the grocery store and the movie theater is more enjoyable, overall. I get films and ice cream and a good time out of it. From my employer I get a lot of sitting in meetings -- they have to pay me to make me put up with that!

My point is that reducing it entirely to "did I gain or receive cash-money from this?" isn't a particularly useful framing.

inigyou 26 minutes ago | parent | next [-]

Yeah that's the point. If you can get away with having a trade deficit not balanced by a surplus, that's a good thing because you get more movies and ice cream for less meetings. Trade deficits are good, people are just sending you free stuff.

jimkleiber 7 hours ago | parent | prev [-]

I think it's what can happen when we shift more towards an exchange orientation and away from a communal orientation. Or in other words, as we see the world more win-lose and less win-win.