• About
  • Contact
  • Give
Newsletter
NOQ Report - Conservative Christian News, Opinions, and Quotes
Sunday, May 22, 2022
  • Home
    • About
    • Give
  • News
  • Opinions
  • Quotes
  • Around the Web
  • Videos
  • Podcasts
No Result
View All Result
  • Home
    • About
    • Give
  • News
  • Opinions
  • Quotes
  • Around the Web
  • Videos
  • Podcasts
No Result
View All Result
NOQ Report - Conservative Christian News, Opinions, and Quotes
No Result
View All Result

Art Laffer on why a trade deficit is a good thing

by CQ Livingston
January 15, 2019
in Quotes
TOP Z-Stack

Conservative economist Art Laffer has been preaching the benefits of free trade and understanding what the numbers behind the economy really mean for most of his life. He’s taken many progressives to school on how to truly boost the economy and has always been a harsh opponent to the leftist’s favorite trade tool, the tariff.
Unfortunately, he’s having a harder time reaching so-called conservative who have abandoned basic economics in favor of Trumponomics. The concept of free trade has been replaced in the eyes of many conservatives and most Republicans with Trump’s idea of fair trade. The result: a trade war with China that is going nowhere fast and costing American businesses and consumers billions of dollars.
As Laffer correctly points out in this quote, running up a trade deficit is an unavoidable side effect of having a capital surplus. In other words, as American consumers spend more money, American businesses make more money. As American businesses make more money, they buy more products from foreign companies. This fact seems to have slipped over President Trump’s head.

“The trade deficit is the capital surplus and don’t ever think of having a capital surplus as being a bad thing for our country.”

Tariffs on China were considered a far-left progressive notion less than four years ago when Senators Chuck Schumer and Bernie Sanders proposed them. Now that President Trump has adopted their plans down to the letter, tariffs are suddenly the GOP way.
For a better explanation, please refer to this article by Benjamin Powell from 2006. Over a dozen years later, the truths still apply.

Trade Deficit Is Really A Capital Surplus

http://www.independent.org/news/article.asp?id=1832As long as our country remains a good place to invest and we have a low saving rate, foreigners are going to invest in the U.S. more on net than we invest overseas. That will generate a capital account surplus and the resulting trade deficit. This is a good thing.

But whether the payment is to a foreigner or to a fellow citizen, the customer’s purchase still indicates that he deems himself better off from the transaction.

TOP MyPillow



They’re Trying to Shut Us Down

Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.

For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We just launched a GiveSendGo page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.

Thank you and God bless!

JD Rucker

Tags: Art LafferCapital Surplus EconomyEconomicsEconomyFair TradeFree TradeMoneyQuoteTariffsTradeTrade Deficit
  • Timothy Bair says:
    January 17, 2019 at 1:52 pm

    Clarity of what our founders created and what they did not. Without that clarity a nation becomes equivalent of an interstate with no rules of the road. Fortunately our founders learned well from Greece & Rome & others of the tyranny of democracy…assuring republic over it. It is only of late our pols have made it policy of govt to spread democracy throughout the world, the chaos of which we see unfolding
    https://www.youtube.com/watch?v=KFXuGIpsdE0

  • Bypass Big Tech Censors



    My Show

    The Midnight Sentinel

    Our Sponsors

    MyPillow Promo Code NOQ

    MyPatriotSupply
    Z-Stack Life
    Our Gold Guy

    Shows

    Food = Control

    Pandemic Treaty Is Not a Nothingburger

    The Pandemic Treaty's REAL Threat

    Kathy Barnette Can Win in November

    Falling on the Sword for Dr. Mehmet Oz

    Bypass Big Tech Censors


    RSS The Federalist

    • Reluctant Witness Devastates Defense Claims In Special Counsel Criminal Case
    • Under Biden’s Title IX Changes, Wisconsin’s ‘Sexual Harassment’ Circus Over Trans Pronouns Would Ensnare Students In Every State
    • Missouri Legislature Takes An Axe To Zuckbucks In State Elections
    • We May Never Know If Covid Leaked From A Lab Unless The United States Stops Helping China Cover Up The Truth
    • Handwritten Notes From 2017 Show FBI Agents Mislead DOJ On The Trump-Russia Investigation

    RSS The Blaze

    • Actor who played a Mighty Morphin Power Ranger indicted for fraud in connection with COVID-relief fund scheme
    • Florida man denied bail after allegedly going on a bizarre, violent crime spree that left at least three dead
    • COVID-19 lockdowns in Shanghai continue as stores are forced to close and residents in the city's financial district are ordered to stay home
    • Poll: Nearly 70% of Republicans say they want Biden impeached if the GOP retakes Congress after midterms
    • Republican New Hampshire governor vetoes bill that would have prevented mask mandates in schools

    RSS PJ Media

    • WHO Says This Strain of Monkeypox May Spread Through Sexual Contact
    • After Shocking Monkey Business, Belgium First to Lock Down Over Monkeypox. Who's Next?
    • ‘Somebody Saved Me:’ Is Pete Townshend's New Audio Book Worth a Listen?
    • De Blasio Readies Run for Congress as Democratic Incumbents Panic Over New Map
    • Berlin Airlift in Reverse: U.S. Flying Baby Formula From Germany

    RSS National File

    • ‘That’s The Real World’: Michael McFaul Laughs Off Lies Over Ukraine NATO Membership
    • No Prison Time for Antifa-Linked Activist Who Fired at Jeep During Highway Protest
    • Red Power Ranger Actor Charged in Connection with COVID Relief Fraud Scheme
    • Lincoln Memorial Briefly Closes After Georgetown Grads Litter Area with Glass Bottles
    • U.S. Government Places $119 Million Order for Freeze-Dried Monkeypox Vaccines

    RSS Townhall

    • How Compromised Preaching Is Contributing to Our Cultural Rot
    • Democrats Sure Are ‘Historic!’
    • Baseless Hatred Is Destroying Our Nation
    • The Day of Reckoning For Woke CEO’s is at Hand.
    • A Quick, Compelling Bible Study Vol. 114: What the Bible Says About Praising God

    RSS RedState

    • WSJ Editors Eviscerate Hillary, Lapdog Media in Blistering Op-Ed About Russia Collusion Lies
    • Joe Biden's Message to North Korea's Kim Jung Un Boggles the Mind
    • Here Comes the Fear Porn on Monkeypox From Joe Biden
    • 'Jurassic Park' Gets Canceled
    • Pulitzer Prize Dis-Honors: Hillary's Ball, Depp's TikTok Windfall, and Neil Patrick Harris' Gall
    • About
    • Contact
    • Give

    © 2021 NOQ Report

    No Result
    View All Result
    • Home
      • About
      • Give
    • News
    • Opinions
    • Quotes
    • Around the Web
    • Videos
    • Podcasts

    © 2021 NOQ Report

    Session expired

    Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.

    >